ChargePoint jumps after revenue beat and margin improvement spark likely short-covering

ChargePoint Holdings, Inc. (CHPT) is up 55.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst was ChargePoint’s latest quarterly report, which showed revenue above the company’s guidance range, improving margins, and a much smaller adjusted EBITDA loss than a year earlier. The move also appears to have been amplified by short-covering, as CHPT had elevated short interest and a relatively small share count, which can intensify gains when results come in better than expected.

Details:

ChargePoint said fiscal second-quarter revenue rose 18% year over year to about $116 million, above its prior guidance range.

The company posted stronger profitability metrics, including 36% GAAP gross margin and 38% non-GAAP gross margin, while adjusted EBITDA loss narrowed to $4.8 million from $22.1 million a year earlier.

ChargePoint guided fiscal third-quarter revenue to $105 million to $115 million, suggesting management sees demand holding up into the next quarter.

The company disclosed roughly 27 million shares outstanding, and market data showed a sizable percentage of shares sold short recently, which could have added fuel to the rally as bearish positions were covered.

Sources:

ChargePoint Investor Relations, SEC, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CHPT Insider Trading Activity

$CHPT insiders have traded $CHPT stock on the open market 10 times in the past 6 months. Of those trades, 1 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $CHPT stock by insiders over the last 6 months:

RICHARD WILMER (President and CEO) purchased 46,847 shares for an estimated $249,999
JAGDEEP CA SINGH (CCXO) has made 0 purchases and 2 sales selling 12,281 shares for an estimated $82,928.
MANSI KHETANI (CFO) has made 0 purchases and 2 sales selling 10,463 shares for an estimated $70,412.
ERIC BATILL (General Counsel) has made 0 purchases and 2 sales selling 7,674 shares for an estimated $49,806.
JOHN DAVID VICE (CRO) has made 0 purchases and 2 sales selling 5,189 shares for an estimated $34,973.
NATELLA FAKHRADOVNA NOVRUZOVA (CAO) sold 2,242 shares for an estimated $15,996

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CHPT Hedge Fund Activity

We have seen 72 institutional investors add shares of $CHPT stock to their portfolio, and 59 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 1,318,622 shares (+242.7%) to their portfolio in Q2 2026, for an estimated $7,793,056
ASTER CAPITAL MANAGEMENT (DIFC) LTD added 472,038 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,789,744
GEODE CAPITAL MANAGEMENT, LLC added 388,832 shares (+193.2%) to their portfolio in Q2 2026, for an estimated $2,297,997
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 192,848 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,139,731
STATE STREET CORP added 153,921 shares (+152.5%) to their portfolio in Q2 2026, for an estimated $909,673
GOLDMAN SACHS GROUP INC added 147,221 shares (+108.2%) to their portfolio in Q2 2026, for an estimated $870,076
NORTHERN TRUST CORP added 143,470 shares (+316.9%) to their portfolio in Q2 2026, for an estimated $847,907

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CHPT Price Targets

Multiple analysts have issued price targets for $CHPT recently. We have seen 4 analysts offer price targets for $CHPT in the last 6 months, with a median target of $7.0.

Here are some recent targets:

Jon Windham from UBS set a target price of $8.0 on 06/23/2026
Itay Michaeli from TD Cowen set a target price of $7.5 on 06/17/2026
Christopher Dendrinos from RBC Capital set a target price of $6.5 on 06/04/2026
Ryan Pfingst from B. Riley Securities set a target price of $6.0 on 03/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.