Powell Investment Advisors LLC Purchases New Position in QuantumScape Co. (NYSE:QS)

Powell Investment Advisors LLC acquired a new stake in QuantumScape Co. (NYSE:QS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,941 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares during the period. Heck Capital Advisors LLC purchased a new stake in QuantumScape during the fourth quarter valued at $26,000. International Assets Investment Management LLC lifted its holdings in QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares during the period. Blue Trust Inc. boosted its position in QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after purchasing an additional 4,556 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of QuantumScape during the 4th quarter valued at about $53,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Trading Down 1.7 %

QS opened at $4.93 on Monday. QuantumScape Co. has a fifty-two week low of $4.65 and a fifty-two week high of $9.52. 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 firm’s fifty day moving average is $5.27 and its 200 day moving average is $5.48.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on QS. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a research note on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note 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 given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.26.

Insider Activity

In related news, Director Jagdeep Singh sold 5,531 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the sale, the director now directly owns 2,590,583 shares in the company, valued at approximately $12,978,820.83. The trade was a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Hettrich sold 55,647 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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 disclosure for this sale can be found here. Insiders have sold 573,409 shares of company stock worth $3,090,581 over the last ninety days. Corporate 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.