10,269 Shares in QuantumScape Co. (NYSE:QS) Acquired by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC purchased a new position in QuantumScape Co. (NYSE:QS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,269 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of QuantumScape by 79.9% during 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 during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of QuantumScape by 32.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock valued at $78,000 after purchasing an additional 3,310 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of QuantumScape by 475.1% during 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 during the last quarter. KBC Group NV grew its holdings in shares of QuantumScape by 9.4% during the 3rd quarter. KBC Group NV now owns 52,622 shares of the company’s stock valued at $303,000 after purchasing an additional 4,512 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of QuantumScape by 208.8% during 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 during the last quarter. Institutional investors own 29.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QS. HSBC raised shares of 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. Truist Financial dropped their price target 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 dropped their price target on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, QuantumScape currently has a consensus rating of “Hold” and an average target price of $6.06.

QuantumScape Trading Down 5.9 %

NYSE:QS opened at $5.22 on Thursday. The company has a 50-day moving average price of $5.28 and a 200-day moving average price of $5.41. QuantumScape Co. has a 12 month low of $4.65 and a 12 month 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 stock has a market cap of $2.67 billion, a price-to-earnings ratio of -5.55 and a beta of 4.45.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Equities analysts predict that QuantumScape Co. will post -0.81 EPS for the current year.

Insider Transactions at QuantumScape

In related news, CFO Kevin Hettrich sold 36,949 shares of QuantumScape stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the completion of the transaction, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at $5,183,084.50. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jagdeep Singh sold 308,097 shares of QuantumScape stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the transaction, the director now directly owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. This trade represents a 10.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 472,018 shares of company stock valued at $2,578,361. Company insiders own 12.03% of the company’s stock.

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.