12,541 Shares in QuantumScape Co. (NYSE:QS) Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC acquired a new stake in shares of QuantumScape Co. (NYSE:QS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,541 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC raised its holdings in QuantumScape by 36.0% during the 2nd quarter. Hsbc Holdings PLC now owns 16,737 shares of the company’s stock worth $82,000 after buying an additional 4,433 shares during the period. Sei Investments Co. lifted its holdings in shares of QuantumScape by 80.8% in the second quarter. Sei Investments Co. now owns 20,533 shares of the company’s stock valued at $101,000 after purchasing an additional 9,176 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of QuantumScape by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock worth $413,000 after buying an additional 3,527 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of QuantumScape during the second quarter valued at $644,000. Finally, Algert Global LLC acquired a new stake in QuantumScape during the 2nd quarter worth about $175,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a report on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, QuantumScape currently has a consensus rating of “Hold” and an average target price of $6.26.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the sale, the director now owns 2,590,583 shares of the company’s stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mohit Singh sold 97,305 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the transaction, the insider now directly owns 1,092,020 shares of the company’s stock, valued at approximately $6,814,204.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 573,409 shares of company stock valued at $3,090,581. Corporate insiders own 12.03% of the company’s stock.

QuantumScape Trading Up 2.1 %

Shares of QS stock opened at $5.21 on Friday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -5.48 and a beta of 4.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape Co. has a 52-week low of $4.65 and a 52-week high of $9.52. The firm has a fifty day moving average of $5.29 and a 200-day moving average of $5.66.

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.