QuantumScape Co. (NYSE:QS) Shares Bought by Xponance Inc.

Xponance Inc. lifted its stake in shares of QuantumScape Co. (NYSE:QS) by 17.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,862 shares of the company’s stock after purchasing an additional 2,400 shares during the period. Xponance Inc.’s holdings in QuantumScape were worth $82,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in QS. Geode Capital Management LLC grew its position in QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock worth $33,671,000 after buying an additional 218,743 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of QuantumScape in the 4th quarter worth approximately $1,275,000. Weiss Asset Management LP purchased a new position in QuantumScape in the 3rd quarter valued at approximately $828,000. Charles Schwab Investment Management Inc. raised its holdings in QuantumScape by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company’s stock worth $12,103,000 after purchasing an additional 104,894 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC boosted its position in QuantumScape by 274.6% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 135,189 shares of the company’s stock worth $702,000 after purchasing an additional 99,100 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on QS shares. Truist Financial dropped their price target on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Evercore ISI restated a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.06.

QuantumScape Stock Down 4.5 %

QS opened at $4.32 on Friday. The business’s fifty day simple moving average is $4.81 and its 200 day simple moving average is $5.19. QuantumScape Co. has a 52 week low of $4.05 and a 52 week high of $9.52. The firm has a market cap of $2.36 billion, a P/E ratio of -4.59 and a beta of 4.45. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). As a group, equities research analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, CFO Kevin Hettrich sold 36,949 shares of the firm’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 sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at approximately $5,183,084.50. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 180,147 shares of company stock worth $935,758. Insiders own 12.03% of the company’s stock.

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.