10,515 Shares in QuantumScape Co. (NYSE:QS) Purchased by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of QuantumScape Co. (NYSE:QS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,515 shares of the company’s stock, valued at approximately $73,000.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in QuantumScape by 595.1% in the fourth 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 during the last quarter. C M Bidwell & Associates Ltd. lifted its stake in QuantumScape by 37.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock valued at $45,000 after purchasing an additional 1,835 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in QuantumScape in the third quarter valued at approximately $67,000. Xponance Inc. bought a new position in QuantumScape during the third quarter valued at $70,000. Finally, Baron Wealth Management LLC purchased a new stake in QuantumScape in the third quarter worth $70,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Kevin Hettrich sold 34,607 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly 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 this link. In other news, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $6.72, for a total value of $465,756.48. Following the transaction, the director now owns 292,644 shares of the company’s stock, valued at approximately $1,966,567.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the sale, the chief financial officer now owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The disclosure for this sale can be found here. Insiders have sold 194,970 shares of company stock worth $1,250,775 in the last three months. 10.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. UBS Group cut their target price on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Finally, Truist Financial reduced their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.09.

QuantumScape Trading Up 2.2 %

Shares of NYSE QS opened at $5.70 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 10.38. QuantumScape Co. has a 52 week low of $4.92 and a 52 week high of $13.86. The business has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $6.39.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter in the prior year, the company posted ($0.25) EPS. On average, equities analysts predict that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

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.