Carson Advisory Inc. Decreases Stock Holdings in QuantumScape Co. (NYSE:QS)

Carson Advisory Inc. trimmed its holdings in QuantumScape Co. (NYSE:QS) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,350 shares of the company’s stock after selling 1,850 shares during the quarter. Carson Advisory Inc.’s holdings in QuantumScape were worth $148,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund lifted its position in shares of QuantumScape by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 235,700 shares of the company’s stock worth $1,638,000 after purchasing an additional 1,481 shares during the last quarter. Xponance Inc. lifted its position in shares of QuantumScape by 15.8% during the 4th quarter. Xponance Inc. now owns 12,050 shares of the company’s stock worth $84,000 after purchasing an additional 1,640 shares during the last quarter. CWM LLC lifted its position in shares of QuantumScape by 31.1% during the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after purchasing an additional 1,794 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its position in shares of QuantumScape by 37.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,835 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of QuantumScape by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 23,143 shares of the company’s stock worth $155,000 after purchasing an additional 1,858 shares during the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.

QuantumScape Stock Performance

Shares of NYSE:QS traded up $0.12 on Friday, reaching $5.70. The company’s stock had a trading volume of 5,160,916 shares, compared to its average volume of 9,170,115. The stock’s 50-day moving average is $5.84 and its two-hundred day moving average is $6.40. QuantumScape Co. has a 52-week low of $4.92 and a 52-week high of $13.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 18.98. The stock has a market capitalization of $2.83 billion, a P/E ratio of -5.88 and a beta of 4.74.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter last year, the firm earned ($0.25) EPS. As a group, sell-side analysts forecast that QuantumScape Co. will post -0.95 EPS for the current year.

Insider Transactions at QuantumScape

In other news, Director Jeffrey B. Straubel sold 69,309 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the transaction, the insider now owns 731,629 shares in the company, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders have sold a total of 194,970 shares of company stock worth $1,250,775 over the last ninety days. 10.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on QS shares. Robert W. Baird boosted their price target on shares of QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Truist Financial reduced their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Finally, UBS Group reduced their price target on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.09.

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.