State of New Jersey Common Pension Fund D purchased a new position in QuantumScape Co. (NYSE:QS – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 328,535 shares of the company's stock, valued at approximately $1,863,000. State of New Jersey Common Pension Fund D owned approximately 0.08% of QuantumScape at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on QS. The Goldman Sachs Group lowered their price target on QuantumScape from $5.00 to $4.00 and set a "sell" rating on the stock in a report on Wednesday, April 12th. Deutsche Bank Aktiengesellschaft lowered their price target on QuantumScape from $10.00 to $8.00 in a report on Friday. Finally, Morgan Stanley lowered their price target on QuantumScape from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday, January 25th.

Insider Transactions at QuantumScape

In related news, insider Mohit Singh sold 8,500 shares of the firm's stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $8.51, for a total value of $72,335.00. Following the completion of the transaction, the insider now directly owns 657,733 shares of the company's stock, valued at $5,597,307.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Jagdeep Singh sold 478,747 shares of the firm's stock in a transaction on Monday, March 6th. The stock was sold at an average price of $9.03, for a total value of $4,323,085.41. Following the completion of the transaction, the chief executive officer now directly owns 970,877 shares of the company's stock, valued at $8,767,019.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mohit Singh sold 8,500 shares of the firm's stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $8.51, for a total value of $72,335.00. Following the completion of the transaction, the insider now directly owns 657,733 shares of the company's stock, valued at $5,597,307.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,423,199 shares of company stock worth $12,699,486. Insiders own 13.73% of the company's stock.

QuantumScape Trading Down 3.0 %

Shares of QuantumScape stock opened at $7.00 on Friday. The company's fifty day simple moving average is $7.97 and its 200-day simple moving average is $7.67. The company has a market cap of $3.05 billion, a price-to-earnings ratio of -7.14 and a beta of 5.16. The company has a current ratio of 22.91, a quick ratio of 22.91 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 1 year low of $5.11 and a 1 year high of $16.51.

QuantumScape (NYSE:QS – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). During the same period last year, the business posted ($0.21) EPS. As a group, sell-side analysts expect that QuantumScape Co. will post -0.9 EPS for the current year.

QuantumScape Profile

(Get Rating)

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.

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