Sanctuary Advisors LLC Has $875,000 Position in QuantumScape Co. (NYSE:QS)

Sanctuary Advisors LLC grew its position in shares of QuantumScape Co. (NYSE:QS) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,256 shares of the company’s stock after purchasing an additional 6,475 shares during the quarter. Sanctuary Advisors LLC’s holdings in QuantumScape were worth $875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock worth $776,000 after buying an additional 133,000 shares during the period. Geode Capital Management LLC raised its position in shares of QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock worth $33,671,000 after acquiring an additional 218,743 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of QuantumScape in the third quarter worth approximately $828,000. SG Americas Securities LLC boosted its holdings in QuantumScape by 127.0% in the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock valued at $1,062,000 after acquiring an additional 114,504 shares during the last quarter. Finally, Barclays PLC increased its position in QuantumScape by 326.5% during the 3rd quarter. Barclays PLC now owns 104,333 shares of the company’s stock valued at $599,000 after purchasing an additional 79,871 shares during the period. 29.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QS. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Evercore ISI restated a “hold” rating on shares of QuantumScape in a report on Tuesday. Truist Financial decreased their price target on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.06.

QuantumScape Trading Down 2.1 %

QS opened at $4.81 on Friday. The company has a market cap of $2.46 billion, a P/E ratio of -5.11 and a beta of 4.45. The company has a fifty day moving average price of $5.29 and a two-hundred day moving average price of $5.38. 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 1-year low of $4.65 and a 1-year high of $9.52.

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

Insider Transactions at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 308,097 shares of QuantumScape stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the completion of the transaction, the director now owns 2,563,767 shares in the company, valued at approximately $13,587,965.10. The trade was a 10.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Hettrich sold 36,949 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 615,216 shares of company stock valued at $3,327,157 over the last ninety days. 12.03% of the stock is owned by company insiders.

QuantumScape 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.