QuantumScape Co. (NYSE:QS) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of QuantumScape Co. (NYSE:QS) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,835 shares of the company’s stock after purchasing an additional 6,692 shares during the period. Van ECK Associates Corp’s holdings in QuantumScape were worth $701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QS. Signaturefd LLC boosted its stake in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the last quarter. International Assets Investment Management LLC boosted its position in QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after acquiring an additional 4,228 shares during the last quarter. CWM LLC grew its stake in QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after acquiring an additional 2,556 shares during the period. Mather Group LLC. acquired a new position in QuantumScape in the 2nd quarter valued at $36,000. Finally, Alaska Wealth Advisors purchased a new position in shares of QuantumScape during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 50,575 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $5.99, for a total value of $302,944.25. Following the completion of the sale, the insider now owns 1,184,745 shares of the company’s stock, valued at $7,096,622.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the transaction, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael O. Mccarthy III sold 50,575 shares of QuantumScape stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $5.99, for a total value of $302,944.25. Following the sale, the insider now owns 1,184,745 shares in the company, valued at $7,096,622.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 711,321 shares of company stock valued at $4,138,097 over the last three months. 12.03% of the stock is owned by company insiders.

QuantumScape Stock Performance

NYSE QS opened at $4.84 on Wednesday. The business’s 50-day simple moving average is $5.54 and its 200-day simple moving average is $5.78. The firm has a market capitalization of $2.48 billion, a P/E ratio of -5.09 and a beta of 4.60. QuantumScape Co. has a 1-year low of $4.67 and a 1-year high of $10.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the business earned ($0.23) EPS. Equities analysts predict that QuantumScape Co. will post -0.97 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on QS. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. Wolfe Research started coverage on shares of QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating for the company. Finally, Truist Financial reissued a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, QuantumScape presently has an average rating of “Hold” and an average price target of $6.14.

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.