Farther Finance Advisors LLC Acquires 3,310 Shares of QuantumScape Co. (NYSE:QS)

Farther Finance Advisors LLC boosted its holdings in shares of QuantumScape Co. (NYSE:QS) by 32.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,521 shares of the company’s stock after purchasing an additional 3,310 shares during the period. Farther Finance Advisors LLC’s holdings in QuantumScape were worth $78,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QS. Pinnacle Associates Ltd. increased its position in QuantumScape by 137.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 28,350 shares of the company’s stock valued at $163,000 after purchasing an additional 16,400 shares during the period. Nisa Investment Advisors LLC boosted its stake 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 purchasing an additional 133,000 shares in the last quarter. PFG Investments LLC increased its position in shares of QuantumScape by 29.8% during the third quarter. PFG Investments LLC now owns 20,415 shares of the company’s stock valued at $117,000 after buying an additional 4,688 shares during the period. International Assets Investment Management LLC raised its stake in QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after buying an additional 4,228 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares during the period. Institutional investors own 29.87% of the company’s stock.

Insider Activity at QuantumScape

In related news, insider Michael O. Mccarthy III sold 50,575 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.99, for a total transaction of $302,944.25. Following the sale, the insider now directly owns 1,184,745 shares of the company’s stock, valued at $7,096,622.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Michael O. Mccarthy III sold 50,575 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $5.99, for a total transaction of $302,944.25. Following the transaction, the insider now owns 1,184,745 shares in the company, valued at $7,096,622.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total transaction of $76,931.68. Following the completion of the sale, the director now directly owns 254,103 shares of the company’s stock, valued at approximately $1,514,453.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 711,321 shares of company stock valued at $4,138,097. 12.03% of the stock is owned by corporate insiders.

QuantumScape Trading Down 4.3 %

QuantumScape stock opened at $4.84 on Wednesday. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03. The business’s fifty day simple moving average is $5.54 and its two-hundred day simple moving average is $5.78. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -5.19 and a beta of 4.60. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the previous year, the company posted ($0.23) EPS. As a group, equities analysts predict that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Truist Financial restated a “hold” rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Wolfe Research initiated coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating for the company. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and an average target price of $6.14.

QuantumScape 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.