ChargePoint CAO Novruzova sells $14,632 of company stock

ChargePoint Holdings' Chief Accounting Officer Natella Fakhradovna Novruzova sold 1,484 shares of the company's common stock on September 22, 2026, for a total of $14,632. The price per share was $9.86, and the transaction was made to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Before this sale, Novruzova owned 28,213 shares of ChargePoint common stock, which included 382 shares bought through the Employee Stock Purchase Plan on September 9, 2026. Despite ChargePoint's stock surging 84% over the past six months, reaching $9.85, Novruzova's transaction was not discretionary but rather required by the company's equity incentive plans.

Following the sale, her beneficial ownership of ChargePoint common stock increased to 28,213 shares. Analysts consider ChargePoint to be undervalued and have included it in their Most Undervalued stocks list. The company reported strong fiscal second-quarter 2027 results, surpassing expectations with an adjusted loss of $1.35 per share and revenue of $116 million.

UBS raised its price target to $9 with a Neutral rating, while TD Cowen maintained a Hold rating with a $7.50 price target. Oppenheimer gave a Perform rating, highlighting positive results in revenue, gross margin, and cash flow. These developments indicate ChargePoint's progress toward profitability and its focus on reducing cash burn.