QuantumScape Co. (NYSE:QS) Stock Position Raised by Guardian Investment Management

Guardian Investment Management increased its stake in QuantumScape Co. (NYSE:QS) by 158.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,490 shares of the company’s stock after acquiring an additional 7,660 shares during the quarter. Guardian Investment Management’s holdings in QuantumScape were worth $65,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of QS. Nisa Investment Advisors LLC grew its holdings in shares of QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after acquiring an additional 133,000 shares in the last quarter. Geode Capital Management LLC grew its stake in QuantumScape by 3.9% in the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after purchasing an additional 218,743 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in QuantumScape in the 2nd quarter worth about $1,950,000. Weiss Asset Management LP acquired a new stake in shares of QuantumScape during the 3rd quarter valued at about $828,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of QuantumScape in the 2nd quarter valued at approximately $680,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

QuantumScape Price Performance

Shares of QS stock opened at $5.21 on Monday. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $9.52. The stock has a market capitalization of $2.67 billion, a PE 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. The stock’s fifty day moving average is $5.25 and its 200-day moving average is $5.70.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period in the prior year, the company earned ($0.23) EPS. Equities research analysts expect that QuantumScape Co. will post -0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at QuantumScape

In other news, CFO Kevin Hettrich sold 55,647 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total value of $281,017.35. Following the transaction, the chief financial officer now owns 1,022,743 shares of the company’s stock, valued at $5,164,852.15. This represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 value of $607,183.20. Following the transaction, the insider now owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. The trade was 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 have sold 536,460 shares of company stock worth $2,903,619. 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.