QuantumScape Corporation $QS Shares Sold by Thames Capital Management LLC

Thames Capital Management LLC cut its position in shares of QuantumScape Corporation (NYSE:QS) by 46.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,686 shares of the company’s stock after selling 317,020 shares during the quarter. Thames Capital Management LLC’s holdings in QuantumScape were worth $3,852,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. VSM Wealth Advisory LLC grew its stake in shares of QuantumScape by 46.8% in the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after buying an additional 750 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of QuantumScape by 8.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock valued at $153,000 after buying an additional 939 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of QuantumScape by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 62,023 shares of the company’s stock valued at $646,000 after buying an additional 1,275 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of QuantumScape by 34.1% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the company’s stock valued at $53,000 after buying an additional 1,285 shares in the last quarter. Finally, Tsfg LLC grew its stake in shares of QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Trading Down 1.6%

Shares of QS opened at $8.98 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The stock has a 50-day moving average price of $7.27 and a 200 day moving average price of $9.11. QuantumScape Corporation has a one year low of $3.88 and a one year high of $19.07. The company has a market capitalization of $5.52 billion, a P/E ratio of -11.09 and a beta of 2.57.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QS shares. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and reduced their price target for the company from $10.50 to $8.30 in a report on Wednesday, February 18th. Morgan Stanley reduced their price target on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price target on QuantumScape in a report on Thursday, February 12th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, QuantumScape presently has a consensus rating of “Reduce” and a consensus target price of $11.13.

Insider Buying and Selling

In other news, CTO Timothy Holme sold 92,972 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $8.23, for a total transaction of $765,159.56. Following the sale, the chief technology officer directly owned 1,712,506 shares in the company, valued at approximately $14,093,924.38. This represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey B. Straubel sold 27,106 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $7.85, for a total value of $212,782.10. Following the sale, the director owned 131,298 shares in the company, valued at $1,030,689.30. The trade was a 17.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 824,328 shares of company stock valued at $5,884,730 over the last quarter. Company insiders own 5.48% of the company’s stock.

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.