Cwm LLC increased its holdings in QuantumScape Co. (NYSE:QS – Get Rating) by 41.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,843 shares of the company's stock after buying an additional 1,718 shares during the period. Cwm LLC's holdings in QuantumScape were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Signaturefd LLC increased its position in shares of QuantumScape by 327.6% during 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 position in shares of QuantumScape during the third quarter worth $32,000. Bray Capital Advisors acquired a new position in shares of QuantumScape in the 3rd quarter valued at $47,000. Allworth Financial LP increased its position in shares of QuantumScape by 37.5% in the 4th quarter. Allworth Financial LP now owns 9,359 shares of the company's stock valued at $53,000 after acquiring an additional 2,554 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of QuantumScape by 19.6% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 10,642 shares of the company's stock valued at $60,000 after acquiring an additional 1,741 shares during the period. Institutional investors own 26.09% of the company's stock.

QuantumScape Stock Performance

NYSE QS opened at $6.16 on Wednesday. The stock has a 50-day simple moving average of $7.82 and a two-hundred day simple moving average of $7.64. The firm has a market capitalization of $2.69 billion, a P/E ratio of -6.29 and a beta of 5.16. QuantumScape Co. has a fifty-two week low of $5.11 and a fifty-two week high of $16.51. 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 (NYSE:QS – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.01). During the same quarter last year, the firm posted ($0.21) earnings per share. On average, equities analysts forecast that QuantumScape Co. will post -0.91 earnings per share for the current year.

Insider Activity

In other news, CEO Jagdeep Singh sold 355,000 shares of the firm's stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $7.78, for a total transaction of $2,761,900.00. Following the sale, the chief executive officer now directly owns 970,877 shares in the company, valued at approximately $7,553,423.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jagdeep Singh sold 355,000 shares of QuantumScape stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $7.78, for a total value of $2,761,900.00. Following the sale, the chief executive officer now directly owns 970,877 shares in the company, valued at approximately $7,553,423.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin Hettrich sold 48,471 shares of QuantumScape stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $9.15, for a total value of $443,509.65. Following the completion of the sale, the chief financial officer now owns 629,490 shares in the company, valued at $5,759,833.50. The disclosure for this sale can be found here. Insiders have sold 1,414,699 shares of company stock worth $12,627,151 in the last ninety days. Company insiders own 13.73% of the company's stock.

Wall Street Analyst Weigh In

QS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their target price on QuantumScape from $10.00 to $8.00 in a research report on Friday, April 28th. The Goldman Sachs Group cut their target price on QuantumScape from $5.00 to $4.00 and set a "sell" rating on the stock in a research report on Wednesday, April 12th. Finally, Morgan Stanley lowered their price target on shares of QuantumScape from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday, January 25th.

QuantumScape Company 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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