Strategy Asset Managers LLC Takes $214,000 Position in QuantumScape Co. (NYSE:QS)

Strategy Asset Managers LLC bought a new position in QuantumScape Co. (NYSE:QSGet Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,706 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. D.A. Davidson & CO. raised its position in QuantumScape by 2.9% during the fourth quarter. D.A. Davidson & CO. now owns 22,149 shares of the company’s stock valued at $491,000 after acquiring an additional 614 shares in the last quarter. Wolff Wiese Magana LLC increased its position in QuantumScape by 116.7% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,300 shares of the company’s stock worth $29,000 after acquiring an additional 700 shares during the period. Geneos Wealth Management Inc. increased its position in QuantumScape by 21.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,029 shares of the company’s stock worth $89,000 after acquiring an additional 715 shares during the period. ETF Managers Group LLC increased its position in QuantumScape by 5.0% during the fourth quarter. ETF Managers Group LLC now owns 15,269 shares of the company’s stock worth $353,000 after acquiring an additional 726 shares during the period. Finally, HHM Wealth Advisors LLC increased its position in QuantumScape by 148.2% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,365 shares of the company’s stock worth $30,000 after acquiring an additional 815 shares during the period. Institutional investors own 25.68% of the company’s stock.

A number of equities analysts recently issued reports on QS shares. The Goldman Sachs Group dropped their target price on shares of QuantumScape from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 1st. Morgan Stanley decreased their price target on shares of QuantumScape from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of QuantumScape in a research note on Tuesday, April 12th. They issued a “hold” rating and a $20.00 target price on the stock. Finally, Sumitomo Mitsui Financial Group began coverage on shares of QuantumScape in a research note on Tuesday, March 29th. They issued a “neutral” rating and a $20.00 target price on the stock. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, QuantumScape currently has a consensus rating of “Hold” and an average price target of $21.17.

Shares of QS stock opened at $9.11 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 48.57 and a quick ratio of 48.57. The stock has a market cap of $3.92 billion, a PE ratio of -14.69 and a beta of 7.95. The stock has a 50-day moving average of $12.81 and a 200-day moving average of $16.72. QuantumScape Co. has a one year low of $8.22 and a one year high of $43.08.

QuantumScape (NYSE:QSGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.04). During the same quarter last year, the business posted ($0.12) earnings per share. As a group, research analysts anticipate that QuantumScape Co. will post -0.85 earnings per share for the current year.

In other news, Director Jurgen Leohold sold 20,717 shares of the stock in a transaction on Monday, March 28th. The stock was sold at an average price of $18.02, for a total transaction of $373,320.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Timothy Holme sold 300,000 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $11.93, for a total value of $3,579,000.00. Following the sale, the chief technology officer now directly owns 356,792 shares in the company, valued at $4,256,528.56. The disclosure for this sale can be found here. In the last three months, insiders sold 996,383 shares of company stock valued at $13,464,863. 16.22% of the stock is currently owned by insiders.

QuantumScape Company Profile (Get Rating)

QuantumScape Corporation, a 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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