HighPoint Advisor Group LLC acquired a new position in QuantumScape Co. (NYSE:QS – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,992 shares of the company’s stock, valued at approximately $97,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Citigroup Inc. raised its holdings in shares of QuantumScape by 97.7% during the third quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock valued at $703,000 after acquiring an additional 51,934 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock valued at $77,000 after purchasing an additional 2,861 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of QuantumScape by 26.4% during the fourth quarter. Victory Capital Management Inc. now owns 43,752 shares of the company’s stock valued at $304,000 after buying an additional 9,135 shares during the period. Scotia Capital Inc. bought a new position in QuantumScape in the third quarter worth about $95,000. Finally, HBK Sorce Advisory LLC lifted its holdings in QuantumScape by 11.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock worth $150,000 after buying an additional 2,264 shares during the period. Hedge funds and other institutional investors own 29.87% of the company’s stock.
Insider Buying and Selling at QuantumScape
In other news, Director Jagdeep Singh sold 192,280 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $5.85, for a total transaction of $1,124,838.00. Following the sale, the director now owns 2,809,253 shares in the company, valued at $16,434,130.05. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Jagdeep Singh sold 192,280 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $5.85, for a total value of $1,124,838.00. Following the completion of the transaction, the director now owns 2,809,253 shares in the company, valued at $16,434,130.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael O. Mccarthy III sold 22,554 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $5.72, for a total value of $129,008.88. Following the transaction, the insider now directly owns 1,207,500 shares in the company, valued at $6,906,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 487,559 shares of company stock worth $2,752,186. 10.18% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Analysis on QuantumScape
QuantumScape Price Performance
Shares of NYSE:QS opened at $4.92 on Friday. The company has a current ratio of 10.38, a quick ratio of 10.38 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $5.55 and a two-hundred day simple moving average of $6.33. QuantumScape Co. has a 12-month low of $4.76 and a 12-month high of $13.86. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -5.13 and a beta of 4.69.
QuantumScape (NYSE:QS – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). On average, research analysts anticipate that QuantumScape Co. will post -0.9 earnings per share for the current fiscal 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.
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