QuantumScape Co. (NYSE:QS) Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of QuantumScape Co. (NYSE:QS) by 19.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,126 shares of the company’s stock after selling 21,863 shares during the period. SG Americas Securities LLC’s holdings in QuantumScape were worth $518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. purchased a new stake in QuantumScape in the 2nd quarter worth about $36,000. Alaska Wealth Advisors acquired a new stake in QuantumScape during the 2nd quarter worth about $49,000. Evergreen Wealth Solutions LLC acquired a new position in shares of QuantumScape in the 1st quarter valued at about $64,000. Finally, SpiderRock Advisors LLC purchased a new stake in shares of QuantumScape in the first quarter worth approximately $66,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 58,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $5.78, for a total value of $335,240.00. Following the transaction, the chief financial officer now directly owns 1,073,022 shares in the company, valued at $6,202,067.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Timothy Holme sold 44,306 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the completion of the sale, the chief technology officer now directly owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin Hettrich sold 58,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $5.78, for a total transaction of $335,240.00. Following the transaction, the chief financial officer now owns 1,073,022 shares in the company, valued at approximately $6,202,067.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,126,067 shares of company stock valued at $6,659,475. 10.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Truist Financial reissued a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.14.

QuantumScape Stock Performance

QS opened at $5.49 on Wednesday. The stock has a market cap of $2.74 billion, a PE ratio of -5.72 and a beta of 4.58. QuantumScape Co. has a 1 year low of $4.67 and a 1 year high of $10.03. The stock’s 50 day simple moving average is $5.71 and its 200-day simple moving average is $5.83. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period last year, the company posted ($0.26) earnings per share. Sell-side analysts forecast that QuantumScape Co. will post -0.9 EPS for the current 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.