Hesai Group (NASDAQ:HSAI) Stake Lowered by XTX Topco Ltd

XTX Topco Ltd decreased its stake in Hesai Group (NASDAQ:HSAI) by 18.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,421 shares of the company’s stock after selling 6,863 shares during the period. XTX Topco Ltd’s holdings in Hesai Group were worth $123,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nomura Holdings Inc. acquired a new stake in Hesai Group in the fourth quarter worth $590,000. Polunin Capital Partners Ltd acquired a new stake in shares of Hesai Group in the 1st quarter worth about $5,323,000. GSA Capital Partners LLP bought a new stake in Hesai Group in the 1st quarter valued at about $1,141,000. Susquehanna Fundamental Investments LLC acquired a new position in Hesai Group during the 1st quarter valued at about $352,000. Finally, EntryPoint Capital LLC grew its position in Hesai Group by 34.2% in the 1st quarter. EntryPoint Capital LLC now owns 19,254 shares of the company’s stock worth $97,000 after purchasing an additional 4,912 shares during the last quarter. Institutional investors own 48.53% of the company’s stock.

Hesai Group Price Performance

Shares of NASDAQ:HSAI opened at $4.74 on Wednesday. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $4.10 and its two-hundred day moving average is $4.51. The firm has a market capitalization of $602.11 million, a P/E ratio of -9.29 and a beta of 1.43. Hesai Group has a 52 week low of $3.28 and a 52 week high of $11.55.

Hesai Group (NASDAQ:HSAI) last announced its earnings results on Monday, August 19th. The company reported ($0.05) earnings per share for the quarter. Hesai Group had a negative net margin of 25.30% and a negative return on equity of 9.22%. The business had revenue of $63.14 million for the quarter. Analysts anticipate that Hesai Group will post -0.35 earnings per share for the current year.

Hesai Group Company Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.