Farringdon Capital Ltd. Invests $84,000 in QuantumScape Co. (NYSE:QS)

Farringdon Capital Ltd. bought a new stake in shares of QuantumScape Co. (NYSE:QS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 16,139 shares of the company’s stock, valued at approximately $84,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at $26,000. Blue Trust Inc. increased 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 valued at $39,000 after purchasing an additional 4,556 shares during the period. Empowered Funds LLC acquired a new position in shares of QuantumScape in the fourth quarter valued at about $53,000. Atlas Legacy Advisors LLC purchased a new position in shares of QuantumScape in the fourth quarter worth about $53,000. Finally, Essex Financial Services Inc. acquired a new stake in shares of QuantumScape during the fourth quarter worth about $54,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QuantumScape

In related news, CFO Kevin Hettrich sold 36,949 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the transaction, the chief financial officer now owns 1,024,325 shares of the company’s stock, valued at $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 of the company’s stock, valued at $1,191,658.14. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,147 shares of company stock valued at $935,758. 12.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QS shares. UBS Group lowered shares of QuantumScape from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their price target on shares of QuantumScape from $4.00 to $3.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. Evercore ISI reissued a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. Finally, Truist Financial dropped their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and a consensus price target of $5.13.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $3.81 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape Co. has a one year low of $3.40 and a one year high of $9.52. The business’s 50 day moving average price is $4.39 and its 200 day moving average price is $4.96. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -4.05 and a beta of 4.37.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, research analysts predict that QuantumScape Co. will post -0.82 EPS for the current year.

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.