Cambridge Investment Research Advisors Inc. Sells 3,941 Shares of QuantumScape Co. (NYSE:QS)

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of QuantumScape Co. (NYSE:QS – Get Rating) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,825 shares of the company’s stock after selling 3,941 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in QuantumScape were worth $458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of QuantumScape by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 778,770 shares of the company’s stock valued at $15,569,000 after buying an additional 72,570 shares during the period. US Bancorp DE raised its holdings in shares of QuantumScape by 78.5% during the first quarter. US Bancorp DE now owns 11,310 shares of the company’s stock valued at $226,000 after acquiring an additional 4,975 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of QuantumScape by 18.7% during the first quarter. Cetera Advisor Networks LLC now owns 20,611 shares of the company’s stock valued at $412,000 after acquiring an additional 3,253 shares in the last quarter. Citigroup Inc. raised its holdings in shares of QuantumScape by 10.4% during the first quarter. Citigroup Inc. now owns 88,582 shares of the company’s stock valued at $1,771,000 after acquiring an additional 8,342 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of QuantumScape by 193.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 27,310 shares of the company’s stock valued at $546,000 after acquiring an additional 18,015 shares in the last quarter. Institutional investors own 26.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QS. Deutsche Bank Aktiengesellschaft decreased their target price on QuantumScape from $10.00 to $8.00 in a report on Friday, April 28th. The Goldman Sachs Group decreased their price objective on QuantumScape from $5.00 to $4.00 and set a “sell” rating for the company in a report on Wednesday, April 12th.

QuantumScape Price Performance

QS opened at $6.24 on Friday. QuantumScape Co. has a 12-month low of $5.11 and a 12-month high of $13.86. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -6.37 and a beta of 5.13. The stock has a fifty day simple moving average of $7.08 and a two-hundred day simple moving average of $7.41. The company has a current ratio of 22.85, a quick ratio of 22.85 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.01). During the same quarter in the prior year, the firm earned ($0.21) earnings per share. Research analysts predict that QuantumScape Co. will post -0.92 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In other news, insider Michael O. Mccarthy III sold 130,648 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $9.05, for a total value of $1,182,364.40. Following the transaction, the insider now owns 725,340 shares of the company’s stock, valued at $6,564,327. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael O. Mccarthy III sold 130,648 shares of QuantumScape stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $9.05, for a total transaction of $1,182,364.40. Following the sale, the insider now owns 725,340 shares of the company’s stock, valued at approximately $6,564,327. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael O. Mccarthy III sold 186,333 shares of QuantumScape stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $9.03, for a total value of $1,682,586.99. Following the sale, the insider now directly owns 725,340 shares in the company, valued at approximately $6,549,820.20. The disclosure for this sale can be found here. Insiders have sold 1,199,199 shares of company stock valued at $10,393,446 over the last quarter. 13.73% of the stock is currently owned by company insiders.

QuantumScape Company Profile

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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.