167,763 Shares in QuantumScape Co. (NYSE:QS) Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. bought a new stake in shares of QuantumScape Co. (NYSE:QS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 167,763 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QS. Vanguard Group Inc. raised its position in shares of QuantumScape by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock worth $168,367,000 after buying an additional 956,072 shares in the last quarter. State Street Corp boosted its stake in QuantumScape by 1.5% during the third quarter. State Street Corp now owns 5,918,496 shares of the company’s stock valued at $34,031,000 after buying an additional 87,563 shares in the last quarter. Geode Capital Management LLC grew its holdings in QuantumScape by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company’s stock worth $30,538,000 after acquiring an additional 28,073 shares during the period. Norges Bank bought a new stake in QuantumScape in the fourth quarter worth about $17,762,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in QuantumScape by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company’s stock valued at $12,103,000 after acquiring an additional 104,894 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $3.69 on Thursday. QuantumScape Co. has a 12 month low of $3.40 and a 12 month high of $9.52. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.02 billion, a PE ratio of -3.93 and a beta of 4.37. The business has a fifty day simple moving average of $4.44 and a 200-day simple moving average of $4.99.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). On average, sell-side analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.22, for a total transaction of $67,379.76. Following the transaction, the director now owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. This trade represents a 5.35 % 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. Also, CFO Kevin Hettrich sold 53,975 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the completion of the sale, the chief financial officer now directly owns 930,800 shares of the company’s stock, valued at $4,868,084. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,147 shares of company stock worth $935,758 in the last quarter. 12.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on QS. The Goldman Sachs Group dropped their target price on shares of QuantumScape from $4.00 to $3.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. UBS Group downgraded QuantumScape from a “neutral” rating to a “sell” rating and cut their price objective for the company from $5.00 to $2.50 in a research report on Thursday, April 10th. Truist Financial decreased their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.13.

QuantumScape 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.