Thames Capital Management LLC Trims Stock Holdings in QuantumScape Corporation $QS

Thames Capital Management LLC reduced its stake in QuantumScape Corporation (NYSE:QS) by 46.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,686 shares of the company’s stock after selling 317,020 shares during the quarter. Thames Capital Management LLC owned about 0.06% of QuantumScape worth $3,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of QuantumScape in the third quarter valued at $33,962,000. Vanguard Group Inc. lifted its position in shares of QuantumScape by 1.2% in the third quarter. Vanguard Group Inc. now owns 36,635,232 shares of the company’s stock valued at $451,346,000 after acquiring an additional 422,378 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of QuantumScape in the fourth quarter valued at $4,475,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of QuantumScape in the third quarter valued at $3,330,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of QuantumScape in the third quarter valued at $2,222,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Robert W. Baird set a $12.00 price objective on QuantumScape in a research report on Thursday, February 12th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and dropped their target price for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Finally, Morgan Stanley dropped their target price on 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 analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $11.13.

QuantumScape Stock Performance

QuantumScape stock opened at $8.98 on Friday. The firm has a market capitalization of $5.52 billion, a P/E ratio of -11.09 and a beta of 2.57. The stock has a fifty day moving average price of $7.27 and a 200 day moving average price of $9.11. QuantumScape Corporation has a 52 week low of $3.88 and a 52 week high of $19.07. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period last year, the business earned ($0.21) earnings per share. Equities research analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Insider Transactions at QuantumScape

In other QuantumScape news, CTO Timothy Holme sold 92,972 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $8.23, for a total transaction of $765,159.56. Following the completion of the sale, the chief technology officer directly owned 1,712,506 shares in the company, valued at $14,093,924.38. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey B. Straubel sold 27,106 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,030,689.30. This represents a 17.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 824,328 shares of company stock valued at $5,884,730. 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.