QuantumScape Corporation $QS Holdings Lifted by Entropy Technologies LP

Entropy Technologies LP boosted its holdings in QuantumScape Corporation (NYSE:QS) by 264.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 188,593 shares of the company’s stock after purchasing an additional 136,893 shares during the quarter. Entropy Technologies LP’s holdings in QuantumScape were worth $1,965,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. VSM Wealth Advisory LLC boosted its holdings in QuantumScape by 46.8% during the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after buying an additional 750 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in QuantumScape by 8.2% during the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock worth $153,000 after buying an additional 939 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in QuantumScape by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 62,023 shares of the company’s stock worth $646,000 after buying an additional 1,275 shares in the last quarter. GAMMA Investing LLC boosted its stake in QuantumScape by 34.1% in the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the company’s stock worth $53,000 after purchasing an additional 1,285 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in QuantumScape by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 18,575 shares of the company’s stock worth $125,000 after purchasing an additional 1,450 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on QS. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and decreased their price objective for the stock from $10.50 to $8.30 in a research note on Wednesday, February 18th. Finally, Morgan Stanley decreased their price objective on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $11.13.

QuantumScape Stock Up 2.0%

QS stock opened at $7.23 on Tuesday. QuantumScape Corporation has a 12-month low of $4.16 and a 12-month high of $19.07. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.45 billion, a price-to-earnings ratio of -8.93 and a beta of 2.60. The company has a 50 day moving average of $7.58 and a two-hundred day moving average of $8.66.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same quarter in the previous year, the company posted ($0.21) earnings per share. On average, equities analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In other QuantumScape news, CTO Timothy Holme sold 150,320 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $9.30, for a total value of $1,397,976.00. Following the completion of the sale, the chief technology officer owned 1,712,506 shares in the company, valued at $15,926,305.80. This represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $8.06, for a total transaction of $78,988.00. Following the completion of the sale, the chief financial officer owned 1,833,902 shares of the company’s stock, valued at approximately $14,781,250.12. The trade was a 0.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 778,932 shares of company stock worth $6,043,845 in the last quarter. 3.93% of the stock is owned by corporate insiders.

QuantumScape Profile

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.