SBI Securities Co. Ltd. Makes New $386,000 Investment in QuantumScape Co. (NYSE:QS)

SBI Securities Co. Ltd. acquired a new position in shares of QuantumScape Co. (NYSE:QS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 74,321 shares of the company's stock, valued at approximately $386,000.

A number of other institutional investors also recently made changes to their positions in QS. Heck Capital Advisors LLC acquired a new position in QuantumScape during the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC increased its position in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after acquiring an additional 4,228 shares during the period. Blue Trust Inc. raised its stake in shares of QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock valued at $39,000 after acquiring an additional 4,556 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of QuantumScape during the fourth quarter worth $53,000. Finally, Atlas Legacy Advisors LLC bought a new stake in shares of QuantumScape in the fourth quarter worth $53,000. Institutional investors own 29.87% of the company's stock.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 36,949 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jagdeep Singh sold 308,097 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.30, for a total value of $1,632,914.10. Following the sale, the director now owns 2,563,767 shares of the company's stock, valued at approximately $13,587,965.10. This represents a 10.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 585,549 shares of company stock valued at $3,175,856 over the last ninety days. 12.03% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Hsbc Global Res raised QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. Truist Financial lowered their price objective on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 14th. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Finally, Evercore ISI restated a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $6.06.

QuantumScape Trading Up 2.4 %

Shares of QuantumScape stock traded up $0.11 on Friday, hitting $4.48. 8,868,970 shares of the company's stock traded hands, compared to its average volume of 15,368,076. The company has a fifty day moving average of $5.19 and a two-hundred day moving average of $5.34. QuantumScape Co. has a one year low of $4.05 and a one year high of $9.52. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -4.76 and a beta of 4.45. 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 (NYSE:QS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). As a group, sell-side analysts expect that QuantumScape Co. 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.