ChargePoint general counsel Eric Batill sells $42,417 in stock
On September 22, 2026, ChargePoint Holdings, Inc. (NASDAQ:CHPT) General Counsel Eric Batill sold 4,302 shares of the company's common stock for a total of $42,417. The sale occurred as the stock trades near $9.85, up 84% over the past six months, despite longer-term challenges. ChargePoint's Pro Research Report indicates the stock appears undervalued, and this transaction was mandated due to tax withholding obligations from the vesting and settlement of restricted stock units.
Following the sale, Mr. Batill directly owns 139,329 shares of ChargePoint common stock. ChargePoint's fiscal second-quarter 2027 results exceeded expectations, posting an adjusted loss of $1.35 per share and revenue of $116 million, marking four consecutive quarters of revenue growth. The company maintains a record non-GAAP gross margin of 38% and essentially zero cash burn, with $96 million in cash reserves.
Analysts have raised their price targets and maintained a Neutral rating for ChargePoint, with some analysts highlighting the company's solid performance and strategic management of inventory reduction.
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