QuantumScape Co. (NYSE:QS) Shares Purchased by PFG Investments LLC

PFG Investments LLC grew its holdings in shares of QuantumScape Co. (NYSE:QS) by 83.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,496 shares of the company’s stock after buying an additional 17,081 shares during the period. PFG Investments LLC’s holdings in QuantumScape were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its stake in 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 acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of QuantumScape by 475.1% during the third 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. Centaurus Financial Inc. acquired a new stake in QuantumScape in the second quarter worth about $52,000. Atom Investors LP bought a new position in QuantumScape in the 3rd quarter valued at about $60,000. Finally, Nwam LLC acquired a new position in QuantumScape during the 3rd quarter valued at about $64,000. Institutional investors own 29.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on QS shares. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. Hsbc Global Res raised QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Finally, Truist Financial reissued a “hold” rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.26.

QuantumScape Trading Down 0.5 %

NYSE:QS opened at $5.18 on Friday. The stock has a fifty day simple moving average of $5.29 and a 200 day simple moving average of $5.61. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -5.45 and a beta of 4.46. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $9.52.

Insiders Place Their Bets

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of QuantumScape 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 transaction, the director now owns 241,195 shares of the company’s stock, valued at $1,215,622.80. The trade was a 5.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction that occurred on 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 $12,978,820.83. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 573,409 shares of company stock worth $3,090,581 over the last ninety days. 12.03% of the stock is currently owned by company insiders.

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.