International Assets Investment Management LLC Buys 4,228 Shares of QuantumScape Co. (NYSE:QS)

International Assets Investment Management LLC boosted its stake in shares of QuantumScape Co. (NYSE:QS) by 475.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,118 shares of the company’s stock after buying an additional 4,228 shares during the quarter. International Assets Investment Management LLC’s holdings in QuantumScape were worth $29,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares in the last quarter. CWM LLC grew its holdings in QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after acquiring an additional 2,556 shares in the last quarter. Mather Group LLC. purchased a new position in QuantumScape during the 2nd quarter valued at about $36,000. Alaska Wealth Advisors bought a new stake in shares of QuantumScape in the 2nd quarter valued at about $49,000. Finally, Evergreen Wealth Solutions LLC purchased a new stake in shares of QuantumScape in the 1st quarter worth approximately $64,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

QuantumScape Price Performance

Shares of QS opened at $5.01 on Friday. QuantumScape Co. has a fifty-two week low of $4.67 and a fifty-two 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’s 50-day moving average is $5.57 and its two-hundred day moving average is $5.78.

QuantumScape (NYSE:QS) last issued its quarterly earnings data 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 period last year, the business earned ($0.23) EPS. On average, sell-side analysts forecast that QuantumScape Co. will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total value of $76,931.68. Following the sale, the director now owns 254,103 shares of the company’s stock, valued at approximately $1,514,453.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total value of $76,931.68. Following the transaction, the director now directly owns 254,103 shares of the company’s stock, valued at approximately $1,514,453.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 903,591 shares of company stock valued at $5,195,582. Company insiders own 12.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Wolfe Research initiated coverage on QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating on the stock. 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.14.

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.