Private Advisor Group LLC Has $240,000 Holdings in QuantumScape Co. (NYSE:QS)

Private Advisor Group LLC trimmed its holdings in QuantumScape Co. (NYSE:QS) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,652 shares of the company’s stock after selling 7,651 shares during the period. Private Advisor Group LLC’s holdings in QuantumScape were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of QS. Vanguard Group Inc. raised its holdings in shares of QuantumScape by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock worth $191,750,000 after acquiring an additional 656,646 shares during the period. Janus Henderson Group PLC raised its stake in shares of QuantumScape by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company’s stock valued at $11,482,000 after purchasing an additional 25,347 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of QuantumScape by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 930,614 shares of the company’s stock valued at $4,579,000 after purchasing an additional 11,897 shares in the last quarter. Swiss National Bank boosted its position in shares of QuantumScape by 9.3% during the first quarter. Swiss National Bank now owns 678,800 shares of the company’s stock worth $4,270,000 after buying an additional 58,000 shares during the period. Finally, Private Advisory Group LLC grew its holdings in shares of QuantumScape by 7.2% during the second quarter. Private Advisory Group LLC now owns 570,704 shares of the company’s stock worth $2,808,000 after buying an additional 38,477 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.

Insider Transactions at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total value of $189,992.43. Following the transaction, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at $5,890,890.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the sale, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total value of $76,931.68. Following the completion of the transaction, the director now owns 254,103 shares in the company, valued at approximately $1,514,453.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 903,591 shares of company stock valued at $5,195,582. 12.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on QS. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating on the stock. Finally, Truist Financial reissued a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, QuantumScape has a consensus rating of “Hold” and a consensus price target of $6.14.

QuantumScape Price Performance

QuantumScape stock opened at $4.99 on Friday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of -5.28 and a beta of 4.60. The stock’s 50 day moving average is $5.58 and its 200-day moving average is $5.79. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the business posted ($0.23) EPS. Equities research analysts expect that QuantumScape Co. will post -0.97 EPS for the current year.

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.