SG Americas Securities LLC Has $1.06 Million Position in QuantumScape Co. (NYSE:QS)

SG Americas Securities LLC raised its holdings in shares of QuantumScape Co. (NYSE:QS - Free Report) by 127.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,630 shares of the company's stock after purchasing an additional 114,504 shares during the period. SG Americas Securities LLC's holdings in QuantumScape were worth $1,062,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QS. Mercer Global Advisors Inc. ADV bought a new stake in QuantumScape during the second quarter valued at $68,000. Vanguard Personalized Indexing Management LLC grew its position in shares of QuantumScape by 41.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,877 shares of the company's stock worth $127,000 after acquiring an additional 7,624 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of QuantumScape by 36.0% during the second quarter. Hsbc Holdings PLC now owns 16,737 shares of the company's stock worth $82,000 after acquiring an additional 4,433 shares during the last quarter. Sei Investments Co. grew its position in shares of QuantumScape by 80.8% during the second quarter. Sei Investments Co. now owns 20,533 shares of the company's stock worth $101,000 after acquiring an additional 9,176 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of QuantumScape by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company's stock worth $413,000 after acquiring an additional 3,527 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on QS. HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a research report on Tuesday, November 19th. Truist Financial reaffirmed a "hold" rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, QuantumScape currently has a consensus rating of "Hold" and a consensus target price of $6.26.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.04, for a total transaction of $65,056.32. Following the sale, the director now owns 241,195 shares in the company, valued at approximately $1,215,622.80. The trade was a 5.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael O. Mccarthy III sold 27,305 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.07, for a total value of $138,436.35. Following the sale, the insider now owns 1,129,167 shares in the company, valued at approximately $5,724,876.69. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 573,409 shares of company stock valued at $3,090,581. 12.03% of the stock is owned by insiders.

QuantumScape Price Performance

NYSE QS traded down $0.03 on Friday, reaching $5.18. The company's stock had a trading volume of 16,979,060 shares, compared to its average volume of 15,179,653. QuantumScape Co. has a twelve month low of $4.65 and a twelve month 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. The stock has a market cap of $2.65 billion, a PE ratio of -5.45 and a beta of 4.46. The firm's 50 day moving average is $5.29 and its two-hundred day moving average is $5.61.

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.