Knightscope (NASDAQ:KSCP) Trading Down 6.5%

Knightscope, Inc. (NASDAQ:KSCP) was down 6.5% during trading on Tuesday . The stock traded as low as $0.56 and last traded at $0.57. Approximately 1,524,148 shares were traded during trading, a decline of 5% from the average daily volume of 1,597,279 shares. The stock had previously closed at $0.61.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets increased their price target on shares of Knightscope from $3.75 to $4.00 and gave the company a “buy” rating in a report on Friday, December 29th.

Knightscope Stock Down 6.5 %

The stock’s fifty day simple moving average is $0.51 and its 200-day simple moving average is $0.61. The company has a market capitalization of $52.82 million, a PE ratio of -1.77 and a beta of 2.07.

Hedge Funds Weigh In On Knightscope

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in Knightscope in the 3rd quarter valued at approximately $3,691,000. Virtu Financial LLC lifted its position in shares of Knightscope by 360.3% in the fourth quarter. Virtu Financial LLC now owns 150,200 shares of the company’s stock valued at $90,000 after acquiring an additional 117,572 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Knightscope by 143.4% during the fourth quarter. Northern Trust Corp now owns 115,380 shares of the company’s stock valued at $69,000 after acquiring an additional 67,982 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Knightscope during the 1st quarter worth about $57,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Knightscope in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 14.61% of the company’s stock.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.