Sanctuary Advisors LLC Makes New Investment in QuantumScape Co. (NYSE:QS)

Sanctuary Advisors LLC bought a new stake in QuantumScape Co. (NYSE:QS - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 126,202 shares of the company's stock, valued at approximately $680,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of QS. Granite Bay Wealth Management LLC purchased a new stake in shares of QuantumScape during the second quarter worth $76,000. Algert Global LLC purchased a new stake in QuantumScape during the 2nd quarter worth about $175,000. Susquehanna Fundamental Investments LLC acquired a new stake in QuantumScape in the 2nd quarter valued at about $644,000. The Manufacturers Life Insurance Company raised its position in QuantumScape by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company's stock valued at $413,000 after purchasing an additional 3,527 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of QuantumScape by 13.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 153,348 shares of the company's stock valued at $754,000 after buying an additional 17,600 shares during the period. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Stock Down 0.7 %

NYSE:QS traded down $0.04 during midday trading on Monday, hitting $5.58. 4,331,587 shares of the company were exchanged, compared to its average volume of 8,356,964. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a fifty-two week low of $4.67 and a fifty-two week high of $10.03. The company has a market capitalization of $2.79 billion, a PE ratio of -5.81 and a beta of 4.58. The company has a fifty day simple moving average of $5.73 and a 200 day simple moving average of $5.84.

QuantumScape (NYSE:QS - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter last year, the firm earned ($0.26) earnings per share. As a group, equities analysts anticipate that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on QS shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Truist Financial reissued a "hold" rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Monday, August 5th. Finally, Wolfe Research began coverage on QuantumScape in a research note on Thursday, September 5th. They issued an "underperform" rating on the stock. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.14.

Insider Activity at QuantumScape

In related news, CTO Timothy Holme sold 44,306 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at $7,139,510.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CTO Timothy Holme sold 44,306 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $6.11, for a total transaction of $270,709.66. Following the transaction, the chief technology officer now directly owns 1,168,496 shares in the company, valued at $7,139,510.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43. Following the transaction, the chief financial officer now directly owns 1,073,022 shares of the company's stock, valued at $5,890,890.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,126,067 shares of company stock worth $6,659,475 in the last 90 days. 10.18% of the stock is owned by insiders.

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.