Stratos Wealth Partners LTD. Makes New $84,000 Investment in QuantumScape Corporation $QS

Stratos Wealth Partners LTD. acquired a new position in shares of QuantumScape Corporation (NYSE:QS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,540 shares of the company’s stock, valued at approximately $84,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of QS. Signaturefd LLC boosted its position in QuantumScape by 2,086.1% during the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company’s stock valued at $25,000 after purchasing an additional 5,841 shares during the period. Federated Hermes Inc. boosted its position in QuantumScape by 660.0% during the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company’s stock valued at $26,000 after purchasing an additional 5,438 shares during the period. Hollencrest Capital Management boosted its position in QuantumScape by 333.3% during the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company’s stock valued at $27,000 after purchasing an additional 5,000 shares during the period. Quarry LP acquired a new position in QuantumScape during the 1st quarter valued at approximately $37,000. Finally, Opal Wealth Advisors LLC acquired a new position in QuantumScape during the 2nd quarter valued at approximately $67,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Stock Up 14.5%

QS opened at $16.78 on Monday. QuantumScape Corporation has a one year low of $3.40 and a one year high of $19.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.40 and a current ratio of 16.40. The stock’s fifty day moving average is $11.82 and its 200-day moving average is $8.18. The company has a market capitalization of $9.50 billion, a PE ratio of -20.72 and a beta of 4.85.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). The firm had revenue of ($36.67) million during the quarter. During the same quarter in the previous year, the company earned ($0.23) earnings per share. On average, equities analysts predict that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $13.94, for a total transaction of $136,612.00. Following the transaction, the chief financial officer owned 1,591,467 shares in the company, valued at approximately $22,185,049.98. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey B. Straubel sold 157,180 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $9.20, for a total value of $1,446,056.00. Following the completion of the transaction, the director owned 348,146 shares in the company, valued at $3,202,943.20. This trade represents a 31.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 827,870 shares of company stock valued at $9,399,135. Insiders own 5.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on QuantumScape and gave the company a “hold” rating in a research report on Thursday. Robert W. Baird raised their target price on QuantumScape from $6.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. TD Cowen upgraded QuantumScape to a “hold” rating in a research report on Monday, July 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a research report on Saturday. Seven equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $6.47.

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.