Quantbot Technologies LP Has $2.92 Million Stock Position in QuantumScape Corporation $QS

Quantbot Technologies LP increased its position in shares of QuantumScape Corporation (NYSE:QS) by 252.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 700,898 shares of the company’s stock after buying an additional 502,143 shares during the quarter. Quantbot Technologies LP’s holdings in QuantumScape were worth $2,916,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QS. Signaturefd LLC raised its stake in QuantumScape by 2,086.1% during the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company’s stock worth $25,000 after buying an additional 5,841 shares during the period. Heck Capital Advisors LLC acquired a new position in QuantumScape during the 4th quarter worth approximately $26,000. Federated Hermes Inc. raised its stake in QuantumScape by 660.0% during the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company’s stock worth $26,000 after buying an additional 5,438 shares during the period. Hollencrest Capital Management raised its stake in QuantumScape by 333.3% during the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company’s stock worth $27,000 after buying an additional 5,000 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in QuantumScape during the 4th quarter worth approximately $29,000. 29.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QS. TD Cowen raised QuantumScape to a “hold” rating in a research note on Monday, July 7th. The Goldman Sachs Group lowered their price objective on QuantumScape from $3.00 to $2.50 and set a “sell” rating for the company in a research note on Monday, April 28th. Finally, Robert W. Baird increased their price objective on QuantumScape from $6.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Seven investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.90.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $7.9150 on Thursday. The company has a market cap of $4.48 billion, a PE ratio of -9.20 and a beta of 4.43. QuantumScape Corporation has a 52 week low of $3.40 and a 52 week high of $15.03. The business has a 50 day moving average price of $8.37 and a 200-day moving average price of $5.71. The company has a quick ratio of 16.40, a current ratio of 16.40 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) EPS for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $36.67 million during the quarter. During the same period in the previous year, the business posted ($0.25) earnings per share. Equities analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael O. Mccarthy III sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $5,800,000.00. Following the completion of the transaction, the insider directly owned 1,467,183 shares of the company’s stock, valued at $17,019,322.80. This represents a 25.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mohit Singh sold 465,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total value of $3,817,650.00. Following the completion of the transaction, the insider directly owned 1,641,711 shares of the company’s stock, valued at approximately $13,478,447.31. This represents a 22.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,956,517 shares of company stock valued at $34,977,013. Insiders own 5.48% of the company’s stock.

QuantumScape Company 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.