SVB Wealth LLC Makes New Investment in QuantumScape Co. (NYSE:QS)

SVB Wealth LLC purchased a new position in shares of QuantumScape Co. (NYSE:QS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,653 shares of the company’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of QS. CWM LLC raised its position in shares of QuantumScape by 31.1% during the third quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after purchasing an additional 1,794 shares during the period. AE Wealth Management LLC acquired a new position in shares of QuantumScape during the third quarter worth approximately $74,000. SG Americas Securities LLC raised its position in shares of QuantumScape by 67.8% during the third quarter. SG Americas Securities LLC now owns 67,842 shares of the company’s stock worth $454,000 after purchasing an additional 27,412 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of QuantumScape during the third quarter worth approximately $88,000. Finally, Oak Thistle LLC acquired a new position in shares of QuantumScape during the third quarter worth approximately $916,000. 29.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Michael O. Mccarthy III sold 21,840 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now owns 731,629 shares in the company, valued at approximately $4,514,150.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the transaction, the chief financial officer now owns 554,553 shares of the company’s stock, valued at approximately $3,626,776.62. The disclosure for this sale can be found here. Insiders sold 194,970 shares of company stock worth $1,250,775 in the last quarter. 10.18% of the stock is currently owned by company insiders.

QuantumScape Trading Up 3.7 %

NYSE QS opened at $5.59 on Wednesday. The firm has a market capitalization of $2.77 billion, a P/E 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. The business has a fifty day simple moving average of $6.05 and a 200 day simple moving average of $6.44. QuantumScape Co. has a 12 month low of $4.99 and a 12 month high of $13.86.

QuantumScape (NYSE:QS) last announced its quarterly earnings data 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 in the previous year, the company posted ($0.25) earnings per share. On average, analysts predict that QuantumScape Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Truist Financial lowered their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.46.

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.