294,163 Shares in QuantumScape Co. (NYSE:QS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in QuantumScape Co. (NYSE:QS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 294,163 shares of the company’s stock, valued at approximately $1,527,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QS. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape in the fourth quarter worth $26,000. Blue Trust Inc. grew its holdings in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after acquiring an additional 4,556 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of QuantumScape in the fourth quarter valued at about $53,000. Atlas Legacy Advisors LLC bought a new position in shares of QuantumScape during the fourth quarter valued at about $53,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of QuantumScape during the fourth quarter worth about $54,000. Institutional investors own 29.87% of the company’s stock.

Insider Buying and Selling at QuantumScape

In related 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 completion of the transaction, the chief financial officer now directly owns 1,024,325 shares in the company, valued at $5,183,084.50. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the sale, the director now directly owns 228,287 shares in the company, valued at $1,191,658.14. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,147 shares of company stock valued at $935,758. 12.03% of the stock is currently owned by company insiders.

QuantumScape Stock Performance

Shares of QS opened at $4.08 on Wednesday. The company has a 50-day simple moving average of $4.77 and a two-hundred day simple moving average of $5.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The firm has a market capitalization of $2.23 billion, a PE ratio of -4.34 and a beta of 4.45. QuantumScape Co. has a one year low of $4.03 and a one year high of $9.52.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). On average, analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on QS shares. Truist Financial reduced their price target on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Evercore ISI restated a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.06.

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.