Steward Partners Investment Advisory LLC Sells 14,650 Shares of QuantumScape Co. (NYSE:QS)

Steward Partners Investment Advisory LLC decreased its position in QuantumScape Co. (NYSE:QS) by 70.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,021 shares of the company’s stock after selling 14,650 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in QuantumScape were worth $31,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new position in QuantumScape during the fourth quarter valued at about $1,275,000. Geode Capital Management LLC grew its position in QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after buying an additional 218,743 shares during the period. Weiss Asset Management LP bought a new position in QuantumScape during the third quarter valued at about $828,000. SG Americas Securities LLC grew its position in QuantumScape by 127.0% during the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock valued at $1,062,000 after buying an additional 114,504 shares during the period. Finally, Centiva Capital LP bought a new position in QuantumScape during the third quarter valued at about $555,000. Institutional investors own 29.87% of the company’s stock.

Insider Buying and Selling at QuantumScape

In other news, CFO Kevin Hettrich sold 36,949 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the sale, the insider now directly owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 277,452 shares of company stock valued at $1,542,942 over the last three months. 12.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on QS. Truist Financial reduced their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Evercore ISI restated a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.06.

QuantumScape Price Performance

NYSE QS opened at $4.47 on Thursday. The company has a market cap of $2.45 billion, a PE ratio of -4.76 and a beta of 4.45. QuantumScape Co. has a 52 week low of $4.05 and a 52 week high of $9.52. 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 firm’s 50-day simple moving average is $4.93 and its two-hundred day simple moving average is $5.24.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Research analysts predict that QuantumScape Co. will post -0.82 earnings per share for the current year.

About QuantumScape

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.