Centiva Capital LP Has $2.90 Million Stock Position in QuantumScape Co. (NYSE:QS)

Centiva Capital LP raised its position in QuantumScape Co. (NYSE:QS - Free Report) by 479.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 558,715 shares of the company's stock after acquiring an additional 462,218 shares during the period. Centiva Capital LP owned approximately 0.11% of QuantumScape worth $2,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of QuantumScape in the fourth quarter valued at $26,000. Blue Trust Inc. increased its position in QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after purchasing an additional 4,556 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in QuantumScape during the 4th quarter worth $53,000. Empowered Funds LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at about $53,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of QuantumScape during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 29.87% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group decreased their price target on QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a report on Monday, April 28th. Truist Financial dropped their target price on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 14th. UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and lowered their target price for the company from $5.00 to $2.50 in a research note on Thursday, April 10th. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. Finally, Robert W. Baird reduced their price objective on QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, QuantumScape currently has an average rating of "Hold" and a consensus target price of $5.19.

Insider Activity at QuantumScape

In other news, CFO Kevin Hettrich sold 53,975 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $282,289.25. Following the sale, the chief financial officer now directly owns 930,800 shares in the company, valued at approximately $4,868,084. This represents a 5.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the sale, the insider now owns 1,010,523 shares of the company's stock, valued at $5,285,035.29. This trade represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,198 shares of company stock valued at $748,796. Corporate insiders own 12.03% of the company's stock.

QuantumScape Trading Up 1.8 %

QuantumScape stock traded up $0.07 during midday trading on Friday, reaching $4.06. The stock had a trading volume of 11,204,771 shares, compared to its average volume of 10,873,735. The firm's fifty day simple moving average is $4.08 and its two-hundred day simple moving average is $4.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. QuantumScape Co. has a twelve month low of $3.40 and a twelve month high of $9.52. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -4.32 and a beta of 4.38.

QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the prior year, the firm posted ($0.24) EPS. Equities analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

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.