US Bancorp DE Has $64,000 Stock Holdings in QuantumScape Co. (NYSE:QS)

US Bancorp DE lessened its stake in QuantumScape Co. (NYSE:QS) by 55.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,331 shares of the company’s stock after selling 15,403 shares during the quarter. US Bancorp DE’s holdings in QuantumScape were worth $64,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QS. Heck Capital Advisors LLC acquired a new position in shares of QuantumScape during the 4th quarter worth $26,000. Blue Trust Inc. increased its stake in shares of QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after purchasing an additional 4,556 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in shares of QuantumScape during the 4th quarter worth $53,000. Empowered Funds LLC acquired a new position in shares of QuantumScape during the 4th quarter worth $53,000. Finally, Essex Financial Services Inc. acquired a new position in shares of QuantumScape during the 4th quarter worth $54,000. Institutional investors and hedge funds 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 QuantumScape stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the completion of the sale, the chief financial officer now owns 1,024,325 shares in the company, valued at $5,183,084.50. The trade was a 3.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the sale, the insider now owns 1,092,020 shares of the company’s stock, valued at approximately $6,814,204.80. This represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 277,452 shares of company stock worth $1,542,942. 12.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on QS. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a research note on Tuesday, November 19th. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a research note on Tuesday, February 25th. Finally, Truist Financial lowered their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.06.

QuantumScape Trading Up 2.6 %

Shares of QuantumScape stock opened at $4.48 on Tuesday. The stock has a market capitalization of $2.45 billion, a P/E ratio of -4.76 and a beta of 4.45. 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 company has a 50-day simple moving average of $5.00 and a 200 day simple moving average of $5.25. QuantumScape Co. has a 12-month low of $4.05 and a 12-month high of $9.52.

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

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.