Banque Pictet & Cie SA acquired a new position in QuantumScape Co. (NYSE:QS – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,000 shares of the company's stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QS. Signaturefd LLC lifted its position in shares of QuantumScape by 327.6% in the fourth quarter. Signaturefd LLC now owns 5,148 shares of the company's stock worth $29,000 after purchasing an additional 3,944 shares in the last quarter. Emfo LLC acquired a new stake in shares of QuantumScape during the 3rd quarter valued at $32,000. CWM LLC grew its holdings in shares of QuantumScape by 41.6% during the 4th quarter. CWM LLC now owns 5,843 shares of the company's stock valued at $33,000 after acquiring an additional 1,718 shares in the last quarter. Bray Capital Advisors acquired a new position in shares of QuantumScape in the third quarter worth $47,000. Finally, Allworth Financial LP raised its holdings in shares of QuantumScape by 37.5% during the fourth quarter. Allworth Financial LP now owns 9,359 shares of the company's stock worth $53,000 after acquiring an additional 2,554 shares in the last quarter. 26.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QS has been the subject of a number of recent research reports. Morgan Stanley cut their price target on QuantumScape from $4.00 to $3.00 and set an "underweight" rating for the company in a research note on Wednesday, January 25th. The Goldman Sachs Group reduced their target price on shares of QuantumScape from $5.00 to $4.00 and set a "sell" rating for the company in a research note on Wednesday, April 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of QuantumScape from $10.00 to $8.00 in a research note on Friday.

QuantumScape Stock Performance

Shares of NYSE QS opened at $7.00 on Monday. The business's 50-day simple moving average is $7.97 and its 200-day simple moving average is $7.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 22.91 and a current ratio of 22.91. QuantumScape Co. has a 52 week low of $5.11 and a 52 week high of $16.51. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -7.14 and a beta of 5.16.

QuantumScape (NYSE:QS – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.01). During the same quarter in the prior year, the business posted ($0.21) earnings per share. As a group, equities research analysts expect that QuantumScape Co. will post -0.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other QuantumScape news, CEO Jagdeep Singh sold 478,747 shares of the business's stock in a transaction on Monday, March 6th. The shares were sold at an average price of $9.03, for a total transaction of $4,323,085.41. Following the completion of the transaction, the chief executive officer now owns 970,877 shares of the company's stock, valued at approximately $8,767,019.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Kevin Hettrich sold 48,471 shares of the firm's stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $9.15, for a total value of $443,509.65. Following the sale, the chief financial officer now owns 629,490 shares in the company, valued at $5,759,833.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jagdeep Singh sold 478,747 shares of the company's stock in a transaction on Monday, March 6th. The shares were sold at an average price of $9.03, for a total transaction of $4,323,085.41. Following the transaction, the chief executive officer now owns 970,877 shares of the company's stock, valued at $8,767,019.31. The disclosure for this sale can be found here. In the last three months, insiders sold 1,423,199 shares of company stock valued at $12,699,486. Company insiders own 13.73% of the company's stock.

QuantumScape Profile

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QuantumScape Corporation, a 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.

Further Reading

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