Carson Advisory Inc. Buys 2,900 Shares of QuantumScape Co. (NYSE:QS)

Carson Advisory Inc. boosted its stake in shares of QuantumScape Co. (NYSE:QSFree Report) by 13.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,250 shares of the company’s stock after purchasing an additional 2,900 shares during the quarter. Carson Advisory Inc.’s holdings in QuantumScape were worth $153,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in QS. Spire Wealth Management boosted its position in QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of QuantumScape by 595.1% during the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after buying an additional 5,296 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of QuantumScape by 57.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,096 shares of the company’s stock worth $56,000 after buying an additional 2,954 shares during the last quarter. StepStone Group LP acquired a new position in shares of QuantumScape in the fourth quarter valued at $56,000. Finally, SpiderRock Advisors LLC acquired a new position in shares of QuantumScape in the first quarter valued at $66,000. Institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

QS has been the subject of a number of recent research reports. Truist Financial cut their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. UBS Group cut their target price on QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.67.

Check Out Our Latest Stock Analysis on QuantumScape

QuantumScape Trading Up 2.2 %

QuantumScape stock traded up $0.12 during mid-day trading on Wednesday, hitting $5.42. The stock had a trading volume of 5,143,888 shares, compared to its average volume of 7,814,857. The stock has a 50-day simple moving average of $5.44 and a two-hundred day simple moving average of $6.13. The stock has a market capitalization of $2.70 billion, a PE ratio of -5.64 and a beta of 4.62. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $13.86. The company has a current ratio of 10.38, a quick ratio of 10.38 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QSGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). As a group, sell-side analysts forecast that QuantumScape Co. will post -0.89 EPS for the current year.

Insider Activity at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 113,264 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $5.04, for a total value of $570,850.56. Following the transaction, the director now owns 2,809,253 shares of the company’s stock, valued at $14,158,635.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other QuantumScape news, Director Jagdeep Singh sold 113,264 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $5.04, for a total value of $570,850.56. Following the transaction, the director now owns 2,809,253 shares of the company’s stock, valued at $14,158,635.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin Hettrich sold 45,848 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $5.61, for a total value of $257,207.28. Following the completion of the transaction, the chief financial officer now directly owns 1,145,821 shares in the company, valued at approximately $6,428,055.81. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $3,650,206 over the last 90 days. Insiders own 10.18% of the company’s stock.

QuantumScape Company Profile

(Free Report)

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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Institutional Ownership by Quarter for QuantumScape (NYSE:QS)

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