QuantumScape Co. (NYSE:QS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of QuantumScape Co. (NYSE:QS) by 127.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 204,630 shares of the company’s stock after acquiring an additional 114,504 shares during the period. SG Americas Securities LLC’s holdings in QuantumScape were worth $1,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QS. Mercer Global Advisors Inc. ADV purchased a new position in QuantumScape in the 2nd quarter worth approximately $68,000. Vanguard Personalized Indexing Management LLC lifted its position in QuantumScape by 41.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,877 shares of the company’s stock worth $127,000 after buying an additional 7,624 shares in the last quarter. Hsbc Holdings PLC boosted its stake in QuantumScape by 36.0% during the second quarter. Hsbc Holdings PLC now owns 16,737 shares of the company’s stock worth $82,000 after buying an additional 4,433 shares during the last quarter. Sei Investments Co. grew its holdings in QuantumScape by 80.8% in the 2nd quarter. Sei Investments Co. now owns 20,533 shares of the company’s stock valued at $101,000 after buying an additional 9,176 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of QuantumScape by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock worth $413,000 after acquiring an additional 3,527 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevin Hettrich sold 55,647 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35. Following the completion of the sale, the chief financial officer now owns 1,022,743 shares in the company, valued at approximately $5,164,852.15. The trade was a 5.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the completion of the transaction, the insider now directly owns 1,092,020 shares in the company, valued at $6,814,204.80. This trade represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 536,460 shares of company stock valued at $2,903,619. Corporate insiders own 12.03% of the company’s stock.

QuantumScape Price Performance

QS stock opened at $5.12 on Wednesday. The firm has a 50 day moving average of $5.29 and a 200-day moving average of $5.67. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -5.39 and a beta of 4.46. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52.

Analysts Set New Price Targets

A number of brokerages recently issued reports on QS. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a report on Tuesday, November 19th. Truist Financial restated a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded QuantumScape to a “hold” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, QuantumScape currently has a consensus rating of “Hold” and an average target price of $6.26.

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.