35,522 Shares in QuantumScape Co. (NYSE:QS) Purchased by Algert Global LLC

Algert Global LLC purchased a new position in QuantumScape Co. (NYSE:QS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,522 shares of the company’s stock, valued at approximately $175,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HarbourVest Partners LLC boosted its stake in QuantumScape by 10.4% in the 4th quarter. HarbourVest Partners LLC now owns 78,903 shares of the company’s stock valued at $548,000 after buying an additional 7,404 shares in the last quarter. Clarity Capital Partners LLC bought a new position in shares of QuantumScape in the 4th quarter valued at about $374,000. Vanguard Group Inc. grew its holdings in QuantumScape by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock worth $207,306,000 after acquiring an additional 796,723 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of QuantumScape during the fourth quarter worth $97,000. Finally, Principal Financial Group Inc. increased its stake in shares of QuantumScape by 40.2% in the 1st quarter. Principal Financial Group Inc. now owns 28,278 shares of the company’s stock valued at $178,000 after acquiring an additional 8,106 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Price Performance

QuantumScape stock opened at $5.41 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -5.64 and a beta of 4.58. The stock’s 50 day moving average is $5.74 and its 200-day moving average is $5.85. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03.

QuantumScape (NYSE:QS) last posted its quarterly earnings data 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 last year, the company earned ($0.26) EPS. Equities research analysts expect that QuantumScape Co. will post -0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

QS has been the subject of several research analyst reports. Truist Financial reiterated a “hold” rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Wolfe Research began coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating on the stock. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, QuantumScape currently has an average rating of “Hold” and an average price target of $6.14.

Insider Activity

In related news, CFO Kevin Hettrich sold 58,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $5.78, for a total transaction of $335,240.00. Following the transaction, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at approximately $6,202,067.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Timothy Holme sold 44,306 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total transaction of $270,709.66. Following the completion of the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 58,000 shares of QuantumScape 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 sale, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at approximately $6,202,067.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,091,460 shares of company stock valued at $6,469,482 in the last ninety days. 10.18% of the stock is owned by company insiders.

QuantumScape Company 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.