Private Advisory Group LLC Has $1.86 Million Holdings in QuantumScape Corporation (NYSE:QS)

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Private Advisory Group LLC lifted its holdings in shares of QuantumScape Corporation (NYSE:QS - Free Report) by 17.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 447,478 shares of the company's stock after purchasing an additional 65,237 shares during the quarter. Private Advisory Group LLC owned 0.08% of QuantumScape worth $1,862,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Birchcreek Wealth Management LLC boosted its position in QuantumScape by 11.5% in the first quarter. Birchcreek Wealth Management LLC now owns 25,183 shares of the company's stock valued at $105,000 after buying an additional 2,600 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in QuantumScape by 19.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,199 shares of the company's stock valued at $94,000 after buying an additional 2,997 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in QuantumScape by 2.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 158,579 shares of the company's stock valued at $823,000 after buying an additional 3,180 shares in the last quarter. Wealthfront Advisers LLC boosted its position in QuantumScape by 22.6% in the first quarter. Wealthfront Advisers LLC now owns 19,349 shares of the company's stock valued at $80,000 after buying an additional 3,571 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of QuantumScape by 9.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 44,087 shares of the company's stock worth $229,000 after purchasing an additional 3,787 shares during the period. 29.87% of the stock is owned by institutional investors.

Insider Activity at QuantumScape

In other news, insider Mohit Singh sold 465,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total transaction of $3,817,650.00. Following the transaction, the insider owned 1,641,711 shares in the company, valued at approximately $13,478,447.31. This represents a 22.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Timothy Holme sold 358,330 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $7.03, for a total transaction of $2,519,059.90. Following the transaction, the chief technology officer owned 1,705,428 shares in the company, valued at $11,989,158.84. This represents a 17.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,089,468 shares of company stock worth $35,534,411 over the last three months. 12.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

QS has been the topic of several analyst reports. The Goldman Sachs Group reduced their price objective on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research note on Monday, April 28th. TD Cowen raised shares of QuantumScape to a "hold" rating in a research note on Monday, July 7th. Robert W. Baird boosted their price objective on shares of QuantumScape from $6.00 to $11.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, UBS Group cut shares of QuantumScape from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $5.00 to $2.50 in a research note on Thursday, April 10th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.90.

QuantumScape Trading Down 4.0%

Shares of NYSE:QS traded down $0.34 during midday trading on Friday, reaching $8.26. The company's stock had a trading volume of 31,110,088 shares, compared to its average volume of 70,931,232. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -9.60 and a beta of 4.43. 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 firm has a 50 day moving average price of $7.18 and a two-hundred day moving average price of $5.39. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $15.03.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). The company had revenue of $36.67 million for the quarter. During the same quarter in the prior year, the company earned ($0.25) EPS. As a group, analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

QuantumScape Company 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.