Sapient Capital LLC Trims Stock Position in Hesai Group Sponsored ADR $HSAI

Sapient Capital LLC trimmed its holdings in Hesai Group Sponsored ADR (NASDAQ:HSAI) by 36.9% during the second quarter, Holdings Channel reports. The institutional investor owned 447,976 shares of the company’s stock after selling 262,149 shares during the period. Sapient Capital LLC’s holdings in Hesai Group were worth $8,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Hesai Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,106,432 shares of the company’s stock valued at $91,984,000 after acquiring an additional 28,102 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Hesai Group by 17,419.6% in the fourth quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock worth $46,276,000 after acquiring an additional 2,054,114 shares during the last quarter. Wellington Management Group LLP grew its holdings in Hesai Group by 2.1% in the fourth quarter. Wellington Management Group LLP now owns 1,888,544 shares of the company’s stock valued at $42,303,000 after purchasing an additional 38,312 shares during the period. Deutsche Bank AG grew its holdings in Hesai Group by 124.6% in the fourth quarter. Deutsche Bank AG now owns 1,624,870 shares of the company’s stock valued at $36,397,000 after purchasing an additional 901,370 shares during the period. Finally, National Bank of Canada FI grew its holdings in Hesai Group by 108.4% in the third quarter. National Bank of Canada FI now owns 1,482,116 shares of the company’s stock valued at $41,647,000 after purchasing an additional 770,816 shares during the period. Hedge funds and other institutional investors own 48.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HSAI. Wall Street Zen raised shares of Hesai Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hesai Group in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $31.50.

Hesai Group Stock Performance

Shares of NASDAQ:HSAI opened at $19.22 on Monday. The business has a 50-day moving average of $17.00 and a two-hundred day moving average of $21.20. The firm has a market capitalization of $2.69 billion, a PE ratio of 43.68, a P/E/G ratio of 0.74 and a beta of 1.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.52. Hesai Group Sponsored ADR has a 12 month low of $14.29 and a 12 month high of $30.85.

Hesai Group (NASDAQ:HSAI) last released its quarterly earnings data on Friday, May 15th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Hesai Group had a return on equity of 6.03% and a net margin of 14.75%.The business had revenue of $98.71 million for the quarter, compared to analyst estimates of $96.50 million. As a group, research analysts forecast that Hesai Group Sponsored ADR will post 0.66 earnings per share for the current year.

About Hesai Group

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.