Oak Harbor Wealth Partners LLC Purchases 99,100 Shares of QuantumScape Co. (NYSE:QS)

Oak Harbor Wealth Partners LLC increased its holdings in QuantumScape Co. (NYSE:QS - Free Report) by 274.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,189 shares of the company's stock after purchasing an additional 99,100 shares during the period. Oak Harbor Wealth Partners LLC's holdings in QuantumScape were worth $702,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in QuantumScape during the 4th quarter worth $26,000. International Assets Investment Management LLC lifted its position in QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after acquiring an additional 4,228 shares during the last quarter. Blue Trust Inc. lifted 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 acquiring an additional 4,556 shares during the last quarter. Empowered Funds LLC acquired a new position in QuantumScape during the 4th quarter worth $53,000. Finally, Atlas Legacy Advisors LLC acquired a new position in QuantumScape during the 4th quarter worth $53,000. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Stock Performance

Shares of QS traded down $0.13 during trading hours on Tuesday, reaching $4.19. 5,718,439 shares of the company traded hands, compared to its average volume of 15,050,201. The stock has a market cap of $2.29 billion, a P/E ratio of -4.48 and a beta of 4.45. The stock's fifty day moving average is $5.14 and its 200 day moving average is $5.31. QuantumScape Co. has a 1-year low of $4.05 and a 1-year high of $9.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

Remove Ads

QuantumScape (NYSE:QS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). Equities research analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Truist Financial cut 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. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. Finally, HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $6.06.

Insider Activity at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 76,315 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.23, for a total transaction of $399,127.45. Following the sale, the insider now directly owns 1,010,523 shares of the company's stock, valued at approximately $5,285,035.29. This represents a 7.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Hettrich sold 53,975 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the sale, the chief financial officer now directly owns 930,800 shares in the company, valued at $4,868,084. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 277,452 shares of company stock valued at $1,542,942 over the last quarter. 12.03% of the stock is owned by company insiders.

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.