QuantumScape Corporation $QS Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of QuantumScape Corporation (NYSE:QS) by 28.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 64,169 shares of the company’s stock after acquiring an additional 14,225 shares during the period. Cetera Investment Advisers’ holdings in QuantumScape were worth $267,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in QS. Invesco Ltd. grew its holdings in shares of QuantumScape by 8.3% during the fourth quarter. Invesco Ltd. now owns 1,550,012 shares of the company’s stock worth $8,045,000 after buying an additional 118,710 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of QuantumScape by 1.5% during the fourth quarter. Legal & General Group Plc now owns 405,363 shares of the company’s stock worth $2,104,000 after buying an additional 5,838 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of QuantumScape during the fourth quarter worth $1,527,000. Sterling Capital Management LLC grew its holdings in shares of QuantumScape by 58.5% in the fourth quarter. Sterling Capital Management LLC now owns 21,319 shares of the company’s stock valued at $111,000 after purchasing an additional 7,868 shares during the period. Finally, Townsquare Capital LLC increased its position in QuantumScape by 174.8% during the fourth quarter. Townsquare Capital LLC now owns 33,949 shares of the company’s stock worth $176,000 after purchasing an additional 21,594 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Trading Up 0.1%

NYSE QS opened at $7.9150 on Thursday. The firm has a 50 day simple moving average of $8.37 and a 200-day simple moving average of $5.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.40 and a current ratio of 16.40. QuantumScape Corporation has a one year low of $3.40 and a one year high of $15.03. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -9.20 and a beta of 4.43.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $36.67 million during the quarter. During the same period last year, the firm posted ($0.25) earnings per share. Equities research analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insider Activity at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 929,813 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $11.62, for a total transaction of $10,804,427.06. Following the sale, the director owned 161,343 shares of the company’s stock, valued at approximately $1,874,805.66. This trade represents a 85.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $11.60, for a total transaction of $5,800,000.00. Following the sale, the insider directly owned 1,467,183 shares in the company, valued at approximately $17,019,322.80. The trade was a 25.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,956,517 shares of company stock worth $34,977,013 in the last ninety days. Company insiders own 5.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QS. The Goldman Sachs Group cut their price objective on shares of QuantumScape from $3.00 to $2.50 and set a “sell” rating for the company in a research report on Monday, April 28th. TD Cowen upgraded shares of QuantumScape to a “hold” rating in a research report on Monday, July 7th. Finally, Robert W. Baird raised their price objective on shares of QuantumScape from $6.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Seven research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.90.

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.