Sanctuary Advisors LLC Purchases Shares of 126,202 QuantumScape Co. (NYSE:QS)

Sanctuary Advisors LLC purchased a new position in QuantumScape Co. (NYSE:QS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 126,202 shares of the company’s stock, valued at approximately $680,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QS. Vanguard Group Inc. increased its position in shares of QuantumScape by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock worth $207,306,000 after purchasing an additional 796,723 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of QuantumScape in the 4th quarter worth $97,000. Principal Financial Group Inc. raised its position in shares of QuantumScape by 40.2% during the 1st quarter. Principal Financial Group Inc. now owns 28,278 shares of the company’s stock valued at $178,000 after buying an additional 8,106 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of QuantumScape by 1.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 358,597 shares of the company’s stock worth $2,256,000 after acquiring an additional 6,006 shares during the last quarter. Finally, SpiderRock Advisors LLC purchased a new position in QuantumScape in the first quarter worth $66,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on QS shares. Truist Financial restated a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Monday, August 5th. Wolfe Research initiated coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.14.

QuantumScape Trading Up 3.9 %

Shares of QS stock opened at $5.62 on Monday. The business has a 50-day moving average of $5.73 and a 200 day moving average of $5.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. QuantumScape Co. has a 1-year low of $4.67 and a 1-year high of $10.03. The stock has a market capitalization of $2.84 billion, a PE ratio of -5.92 and a beta of 4.58.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). During the same quarter in the previous year, the firm earned ($0.26) earnings per share. As a group, sell-side analysts anticipate that QuantumScape Co. will post -0.9 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the business’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 owns 254,103 shares in the company, valued at approximately $1,514,453.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kevin Hettrich sold 58,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $5.78, for a total value of $335,240.00. Following the completion of the sale, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at $6,202,067.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $76,931.68. Following the completion of the sale, the director now owns 254,103 shares in the company, valued at approximately $1,514,453.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,126,067 shares of company stock valued at $6,659,475 in the last quarter. Company insiders own 12.03% of the company’s stock.

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.