103,449 Shares in QuantumScape Co. (NYSE:QS) Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC acquired a new position in shares of QuantumScape Co. (NYSE:QS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 103,449 shares of the company’s stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cerity Partners LLC grew its position in QuantumScape by 23.7% in the 4th quarter. Cerity Partners LLC now owns 12,753 shares of the company’s stock valued at $88,000 after acquiring an additional 2,442 shares in the last quarter. HBK Sorce Advisory LLC grew its position in QuantumScape by 11.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock valued at $150,000 after acquiring an additional 2,264 shares in the last quarter. International Assets Investment Management LLC grew its position in QuantumScape by 595.1% in the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after acquiring an additional 5,296 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in QuantumScape in the 4th quarter valued at about $719,000. Finally, One Wealth Management Investment & Advisory Services LLC acquired a new position in QuantumScape in the 4th quarter valued at about $103,000. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Price Performance

QS stock opened at $5.58 on Thursday. The business has a 50 day moving average price of $6.22 and a 200 day moving average price of $6.46. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -5.81 and a beta of 4.76. QuantumScape Co. has a fifty-two week low of $4.99 and a fifty-two week high of $13.86. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last posted its 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 period in the previous year, the firm posted ($0.25) earnings per share. Equities research analysts anticipate that QuantumScape Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares in the company, valued at $7,236,063.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the completion of the sale, the director now owns 292,644 shares in the company, valued at $1,966,567.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin Hettrich sold 34,607 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares of the company’s stock, valued at approximately $7,236,063.68. The disclosure for this sale can be found here. Insiders sold a total of 194,970 shares of company stock worth $1,250,775 over the last 90 days. 10.18% of the stock is owned by insiders.

Analysts Set New Price Targets

QS has been the subject of several research reports. Truist Financial lifted their target price on QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Robert W. Baird boosted their price objective on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.71.

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.