QuantumScape Co. (NYSE:QS) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its position in QuantumScape Co. (NYSE:QS) by 13.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 153,348 shares of the company’s stock after purchasing an additional 17,600 shares during the period. Ensign Peak Advisors Inc’s holdings in QuantumScape were worth $754,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QS. CWM LLC grew its holdings in QuantumScape by 56.0% in 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. acquired a new stake in QuantumScape in the second quarter valued at $36,000. Alaska Wealth Advisors acquired a new stake in QuantumScape in the second quarter valued at $49,000. StepStone Group LP acquired a new stake in QuantumScape in the fourth quarter valued at $56,000. Finally, Financial Advocates Investment Management acquired a new stake in QuantumScape in the second quarter valued at $58,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Wall Street Analysts Forecast Growth

QS has been the topic of a number of analyst reports. Wolfe Research initiated coverage on QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating on the stock. Truist Financial reaffirmed a “hold” rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.95.

QuantumScape Stock Performance

NYSE QS opened at $6.01 on Friday. The business’s 50-day moving average price is $6.01 and its 200 day moving average price is $5.86. QuantumScape Co. has a twelve month low of $4.67 and a twelve month high of $10.03. The company has a market capitalization of $3.04 billion, a PE ratio of -6.26 and a beta of 4.59. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period in the previous year, the firm posted ($0.26) earnings per share. On average, research analysts predict that QuantumScape Co. will post -0.9 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mohit Singh sold 173,224 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $7.04, for a total transaction of $1,219,496.96. Following the transaction, the insider now directly owns 1,196,905 shares in the company, valued at $8,426,211.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Mohit Singh sold 173,224 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $7.04, for a total value of $1,219,496.96. Following the transaction, the insider now directly owns 1,196,905 shares in the company, valued at approximately $8,426,211.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin Hettrich sold 58,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $5.78, for a total value of $335,240.00. Following the completion of the transaction, the chief financial officer now owns 1,073,022 shares in the company, valued at $6,202,067.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,290,500 shares of company stock worth $7,719,701. 10.18% of the stock is owned by company insiders.

QuantumScape Profile

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.