Lecap Asset Management Ltd. Purchases New Holdings in QuantumScape Co. (NYSE:QS)

Lecap Asset Management Ltd. purchased a new stake in shares of QuantumScape Co. (NYSE:QS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 49,968 shares of the company’s stock, valued at approximately $347,000.

Other large investors also recently bought and sold shares of the company. Simplicity Solutions LLC purchased a new position in QuantumScape in the fourth quarter worth about $719,000. Cerity Partners LLC grew its stake in shares of QuantumScape by 23.7% in the fourth quarter. Cerity Partners LLC now owns 12,753 shares of the company’s stock worth $88,000 after acquiring an additional 2,442 shares during the period. HBK Sorce Advisory LLC grew its stake in shares of QuantumScape by 11.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock worth $150,000 after acquiring an additional 2,264 shares during the period. International Assets Investment Management LLC grew its stake in shares of QuantumScape by 595.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after acquiring an additional 5,296 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in shares of QuantumScape in the fourth quarter worth approximately $719,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the transaction, the chief financial officer now directly owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other QuantumScape news, insider Michael O. Mccarthy III sold 21,840 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now directly owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98. Following the transaction, the chief financial officer now directly owns 1,178,512 shares of the company’s stock, valued at $7,236,063.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 194,970 shares of company stock worth $1,250,775. Insiders own 10.18% of the company’s stock.

QuantumScape Price Performance

QS opened at $5.42 on Tuesday. The company has a 50 day simple moving average of $6.29 and a two-hundred day simple moving average of $6.48. The company has a current ratio of 18.98, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 1-year low of $4.99 and a 1-year high of $13.86.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter last year, the company posted ($0.25) EPS. As a group, equities analysts anticipate that QuantumScape Co. will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. William Blair assumed coverage on shares of QuantumScape in a research note on Monday, December 18th. They issued a “market perform” rating for the company. Robert W. Baird boosted their target price on shares of QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, Truist Financial boosted their target price on shares of QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.71.

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.