Private Advisor Group LLC Has $240,000 Position in QuantumScape Co. (NYSE:QS)

Private Advisor Group LLC lessened its holdings in QuantumScape Co. (NYSE:QS) by 15.5% in the third quarter, Holdings Channel reports. The institutional investor owned 41,652 shares of the company’s stock after selling 7,651 shares during the period. Private Advisor Group LLC’s holdings in QuantumScape were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares during the last quarter. CWM LLC lifted its stake in shares of QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. acquired a new position in QuantumScape in the second quarter valued at approximately $36,000. Alaska Wealth Advisors bought a new position in QuantumScape during the second quarter worth $49,000. Finally, Centaurus Financial Inc. bought a new position in shares of QuantumScape during the 2nd quarter worth about $52,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Truist Financial reiterated a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Wolfe Research assumed coverage on shares of QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating for the company. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.14.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $4.99 on Friday. QuantumScape Co. has a 52 week low of $4.67 and a 52 week high of $10.03. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.79. The company has a market cap of $2.56 billion, a PE ratio of -5.28 and a beta of 4.60.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the firm earned ($0.23) earnings per share. Equities analysts anticipate that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In related news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43. Following the completion of the sale, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total transaction of $189,992.43. Following the completion of the sale, the chief financial officer now owns 1,073,022 shares in the company, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jagdeep Singh sold 192,270 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $5.50, for a total transaction of $1,057,485.00. Following the completion of the transaction, the director now owns 2,809,253 shares in the company, valued at approximately $15,450,891.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 903,591 shares of company stock valued at $5,195,582 over the last ninety days. Corporate insiders own 12.03% of the company’s stock.

QuantumScape Company Profile

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.