QuantumScape Co. (NYSE:QS) Shares Acquired by Armor Investment Advisors LLC

Armor Investment Advisors LLC increased its holdings in shares of QuantumScape Co. (NYSE:QS) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,201 shares of the company’s stock after buying an additional 5,317 shares during the period. Armor Investment Advisors LLC’s holdings in QuantumScape were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape during the 4th quarter valued at approximately $26,000. Signaturefd LLC lifted its holdings in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after purchasing an additional 2,148 shares in the last quarter. International Assets Investment Management LLC lifted its holdings 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 purchasing an additional 4,228 shares in the last quarter. Blue Trust Inc. lifted its holdings in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after purchasing an additional 4,556 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in QuantumScape in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

QuantumScape Trading Up 1.5 %

NYSE QS opened at $5.02 on Tuesday. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $9.52. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $5.26 and its 200-day simple moving average is $5.47.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a report on Tuesday, November 19th. Truist Financial restated 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 upgraded QuantumScape to a “hold” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, QuantumScape presently has an average rating of “Hold” and an average price target of $6.26.

Insider Transactions at QuantumScape

In related news, Director Jagdeep Singh sold 5,531 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the sale, the director now directly owns 2,590,583 shares of the company’s stock, valued at approximately $12,978,820.83. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at $5,183,084.50. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 573,409 shares of company stock worth $3,090,581 in the last quarter. Company insiders own 12.03% of the company’s stock.

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.