SVB Wealth LLC Invests $81,000 in QuantumScape Co. (NYSE:QS)

SVB Wealth LLC acquired a new stake in QuantumScape Co. (NYSE:QS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,653 shares of the company’s stock, valued at approximately $81,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citigroup Inc. lifted its stake in shares of QuantumScape by 97.7% during the 3rd quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock worth $703,000 after acquiring an additional 51,934 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its position in QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock valued at $77,000 after purchasing an additional 2,861 shares in the last quarter. Scotia Capital Inc. bought a new stake in QuantumScape during the 3rd quarter valued at $95,000. HBK Sorce Advisory LLC raised its position in QuantumScape by 11.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock valued at $150,000 after purchasing an additional 2,264 shares in the last quarter. Finally, Simplicity Solutions LLC bought a new stake in QuantumScape during the 4th quarter valued at $719,000. 29.87% of the stock is owned by institutional investors.

QuantumScape Trading Up 3.7 %

Shares of NYSE:QS opened at $5.59 on Wednesday. QuantumScape Co. has a 12-month low of $4.99 and a 12-month high of $13.86. The business’s fifty day simple moving average is $6.05 and its 200-day simple moving average is $6.44. The company has a market capitalization of $2.77 billion, a PE ratio of -5.82 and a beta of 4.77. 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 (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter last year, the firm posted ($0.25) earnings per share. As a group, equities research analysts predict that QuantumScape Co. will post -0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their target price on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Truist Financial decreased their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.46.

Insider Activity

In related news, Director Jeffrey B. Straubel sold 69,309 shares of the business’s stock in a transaction on Monday, February 5th. The stock was 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 link. In related news, Director Jeffrey B. Straubel sold 69,309 shares of the business’s stock in a transaction on Monday, February 5th. The stock was 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 link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the business’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 transaction, the insider now owns 731,629 shares in the company, valued at $4,514,150.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 194,970 shares of company stock worth $1,250,775. 10.18% of the stock is currently owned by company insiders.

QuantumScape Profile

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.