QuantumScape Co. (NYSE:QS) Shares Bought by Armor Investment Advisors LLC

Armor Investment Advisors LLC raised its position in QuantumScape Co. (NYSE:QS) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,201 shares of the company’s stock after acquiring an additional 5,317 shares during the quarter. Armor Investment Advisors LLC’s holdings in QuantumScape were worth $608,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in QuantumScape by 6,650.0% in 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 position in QuantumScape by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after acquiring an additional 218,743 shares in the last quarter. Weiss Asset Management LP acquired a new position in QuantumScape in the 3rd quarter valued at about $828,000. Sanctuary Advisors LLC acquired a new position in QuantumScape in the 2nd quarter valued at about $680,000. Finally, SG Americas Securities LLC grew its position in QuantumScape by 127.0% in the 4th quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock valued at $1,062,000 after acquiring an additional 114,504 shares in the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Stock Performance

QS stock opened at $5.02 on Tuesday. The business has a 50 day moving average price of $5.26 and a 200 day moving average price of $5.47. 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.

Insider Buying and Selling

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of the sale, the director now owns 241,195 shares in the company, valued at approximately $1,215,622.80. The trade was a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the sale, the chief financial officer now owns 1,024,325 shares of the company’s stock, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 573,409 shares of company stock worth $3,090,581 over the last 90 days. 12.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Truist Financial reissued a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. One equities research 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 a consensus rating of “Hold” and an average target price of $6.26.

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.