Strategy Asset Managers LLC Grows Stock Position in QuantumScape Co. (NYSE:QS)

Strategy Asset Managers LLC grew its holdings in QuantumScape Co. (NYSE:QS) by 37.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 25,725 shares of the company’s stock after buying an additional 7,011 shares during the period. Strategy Asset Managers LLC’s holdings in QuantumScape were worth $134,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QS. Charles Schwab Investment Management Inc. increased its position in shares of QuantumScape by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company’s stock valued at $12,806,000 after acquiring an additional 93,826 shares during the period. FMR LLC increased its holdings in shares of QuantumScape by 74.9% in the third quarter. FMR LLC now owns 14,070 shares of the company’s stock valued at $81,000 after purchasing an additional 6,026 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of QuantumScape by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company’s stock valued at $6,785,000 after purchasing an additional 94,103 shares during the period. Atom Investors LP purchased a new position in shares of QuantumScape in the third quarter worth about $60,000. Finally, Arthedge Capital Management LLC lifted its holdings in shares of QuantumScape by 14.6% during the third quarter. Arthedge Capital Management LLC now owns 723,000 shares of the company’s stock worth $4,157,000 after purchasing an additional 92,000 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Price Performance

NYSE:QS opened at $4.32 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company has a 50 day moving average price of $4.81 and a 200-day moving average price of $5.19. QuantumScape Co. has a 1-year low of $4.05 and a 1-year high of $9.52. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -4.59 and a beta of 4.45.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Equities research analysts forecast that QuantumScape Co. will post -0.82 EPS for the current year.

Insider Buying and Selling

In related news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now directly owns 228,287 shares in the company, valued at approximately $1,191,658.14. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the transaction, the insider now directly owns 1,010,523 shares of the company’s stock, valued at $5,285,035.29. The trade was a 7.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,147 shares of company stock valued at $935,758. 12.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on QS. Evercore ISI reissued a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. Truist Financial decreased their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.06.

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.