Bleakley Financial Group LLC Invests $719,000 in QuantumScape Co. (NYSE:QS)

Bleakley Financial Group LLC purchased a new stake in shares of QuantumScape Co. (NYSE:QS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 103,449 shares of the company’s stock, valued at approximately $719,000.

Several other institutional investors have also added to or reduced their stakes in QS. Principal Financial Group Inc. increased its holdings in shares of QuantumScape by 5.6% in the 2nd quarter. Principal Financial Group Inc. now owns 25,378 shares of the company’s stock worth $218,000 after buying an additional 1,346 shares during the last quarter. Ameriprise Financial Inc. increased its stake in QuantumScape by 10.3% during the first quarter. Ameriprise Financial Inc. now owns 16,789 shares of the company’s stock worth $137,000 after acquiring an additional 1,573 shares during the last quarter. Tower Research Capital LLC TRC raised its position in QuantumScape by 49.6% during the third quarter. Tower Research Capital LLC TRC now owns 5,142 shares of the company’s stock valued at $34,000 after purchasing an additional 1,704 shares during the period. CWM LLC lifted its stake in shares of QuantumScape by 31.1% in the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock valued at $51,000 after purchasing an additional 1,794 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. boosted its holdings in shares of QuantumScape by 37.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,835 shares during the period. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

QS has been the topic of several recent research reports. Truist Financial increased their price target on QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, February 16th. Robert W. Baird raised their target price on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, William Blair assumed coverage on shares of QuantumScape in a report on Monday, December 18th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and a consensus target price of $6.71.

Insiders Place Their Bets

In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares in the company, valued at approximately $1,966,567.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares of the company’s stock, valued at $1,966,567.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the sale, the insider now owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 194,970 shares of company stock worth $1,250,775. 10.18% of the stock is currently owned by company insiders.

QuantumScape Trading Down 4.0 %

Shares of QS opened at $5.81 on Friday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -6.05 and a beta of 4.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.98 and a quick ratio of 18.98. QuantumScape Co. has a 1-year low of $4.99 and a 1-year high of $13.86. The company has a 50-day moving average of $6.32 and a 200 day moving average of $6.48.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same quarter in the previous year, the company earned ($0.25) EPS. On average, research analysts expect that QuantumScape Co. will post -0.87 EPS for the current year.

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.