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

Powell Investment Advisors LLC bought a new stake in shares of QuantumScape Co. (NYSE:QS) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 22,941 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of QS. Empowered Funds LLC purchased a new stake in QuantumScape in the 4th quarter worth about $53,000. Heck Capital Advisors LLC bought a new position in shares of QuantumScape during the fourth quarter valued at approximately $26,000. KBC Group NV grew its stake in shares of QuantumScape by 14.0% during the fourth quarter. KBC Group NV now owns 59,982 shares of the company’s stock valued at $311,000 after buying an additional 7,360 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 4,556 shares during the period. Finally, PFG Investments LLC lifted its stake in shares of QuantumScape by 83.7% during the 4th quarter. PFG Investments LLC now owns 37,496 shares of the company’s stock worth $195,000 after acquiring an additional 17,081 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 97,305 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the sale, the insider now owns 1,092,020 shares of the company’s stock, valued at approximately $6,814,204.80. This trade represents a 8.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jagdeep Singh sold 308,097 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $5.30, for a total value of $1,632,914.10. Following the completion of the transaction, the director now directly owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. The trade was a 10.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 573,409 shares of company stock valued at $3,090,581. Company insiders own 12.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. HSBC upgraded shares of 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, Truist Financial reiterated a “hold” rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, QuantumScape has a consensus rating of “Hold” and a consensus target price of $6.26.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $4.93 on Monday. QuantumScape Co. has a 12 month low of $4.65 and a 12 month high of $9.52. The stock’s fifty day moving average price is $5.27 and its 200-day moving average price is $5.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

About QuantumScape

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.