Holocene Advisors LP lessened its stake in QuantumScape Co. (NYSE:QS - Free Report) by 58.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,887 shares of the company's stock after selling 263,486 shares during the period. Holocene Advisors LP's holdings in QuantumScape were worth $1,092,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in shares of QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after purchasing an additional 4,228 shares during the period. CWM LLC increased its stake in QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company's stock valued at $35,000 after purchasing an additional 2,556 shares during the last quarter. Mather Group LLC. bought a new stake in shares of QuantumScape during the 2nd quarter valued at about $36,000. Finally, Alaska Wealth Advisors acquired a new stake in shares of QuantumScape during the 2nd quarter worth approximately $49,000. 29.87% of the stock is owned by institutional investors and hedge funds.
In other QuantumScape news, Director Jagdeep Singh sold 192,270 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total value of $1,151,697.30. Following the completion of the transaction, the director now directly owns 2,590,583 shares in the company, valued at $15,517,592.17. This trade represents a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total transaction of $65,056.32. Following the sale, the director now owns 241,195 shares in the company, valued at $1,215,622.80. This represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 702,057 shares of company stock valued at $3,982,909 in the last three months. 12.03% of the stock is currently owned by corporate insiders.
Shares of NYSE QS opened at $5.00 on Friday. The firm has a 50-day moving average of $5.29 and a two-hundred day moving average of $5.70. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of -5.25 and a beta of 4.50. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a twelve month low of $4.65 and a twelve month high of $10.03.
QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same period in the previous year, the company posted ($0.23) EPS. As a group, analysts expect that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a report on Tuesday, November 19th. HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target on the stock in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Truist Financial restated a "hold" rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Finally, Wolfe Research began coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an "underperform" rating for the company. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $6.26.
View Our Latest Report on QuantumScape
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.
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