Guardian Investment Management Has $65,000 Stock Holdings in QuantumScape Co. (NYSE:QS)

Guardian Investment Management raised its stake in QuantumScape Co. (NYSE:QS) by 158.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,490 shares of the company’s stock after buying an additional 7,660 shares during the period. Guardian Investment Management’s holdings in QuantumScape were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of QS. Signaturefd LLC boosted 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 acquiring an additional 2,148 shares in the last quarter. Farther Finance Advisors LLC boosted its position in QuantumScape by 32.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock worth $78,000 after buying an additional 3,310 shares during the period. The Manufacturers Life Insurance Company grew its holdings in QuantumScape by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock worth $413,000 after acquiring an additional 3,527 shares during the last quarter. International Assets Investment Management LLC increased its position in QuantumScape by 475.1% in the 3rd 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. Finally, Hsbc Holdings PLC raised its stake in shares of QuantumScape by 36.0% during the second quarter. Hsbc Holdings PLC now owns 16,737 shares of the company’s stock valued at $82,000 after acquiring an additional 4,433 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 97,305 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $6.24, for a total value of $607,183.20. Following the transaction, the insider now directly owns 1,092,020 shares in the company, valued at $6,814,204.80. This represents a 8.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael O. Mccarthy III sold 27,305 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.07, for a total value of $138,436.35. Following the transaction, the insider now directly owns 1,129,167 shares of the company’s stock, valued at $5,724,876.69. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 536,460 shares of company stock valued at $2,903,619 in the last quarter. 12.03% of the stock is currently owned by corporate insiders.

QuantumScape Stock Performance

Shares of QS stock opened at $5.21 on Monday. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $9.52. The firm’s 50-day simple moving average is $5.25 and its two-hundred day simple moving average is $5.70. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -5.48 and a beta of 4.46. 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 (NYSE:QS) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the company posted ($0.23) earnings per share. As a group, equities analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Finally, Truist Financial restated a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.26.

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.