QuantumScape Co. (NYSE:QS) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in shares of QuantumScape Co. (NYSE:QS) by 475.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,118 shares of the company’s stock after acquiring an additional 4,228 shares during the quarter. International Assets Investment Management LLC’s holdings in QuantumScape were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QS. Vanguard Group Inc. increased its stake in QuantumScape by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock worth $191,750,000 after acquiring an additional 656,646 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of QuantumScape during the 2nd quarter worth about $1,950,000. American Century Companies Inc. raised its holdings in QuantumScape by 880.6% in the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock valued at $1,733,000 after buying an additional 316,361 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in QuantumScape in the 1st quarter valued at about $1,002,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in QuantumScape in the second quarter valued at about $644,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Up 0.4 %

QuantumScape stock opened at $5.01 on Friday. 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 52-week low of $4.67 and a 52-week high of $10.03. The company’s 50 day moving average is $5.57 and its two-hundred day moving average is $5.78.

QuantumScape (NYSE:QS) last posted its quarterly earnings data 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 last year, the firm earned ($0.23) earnings per share. Research analysts predict that QuantumScape Co. will post -0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QS. Wolfe Research began coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.14.

Insider Transactions at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 58,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $5.78, for a total value of $335,240.00. Following 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Kevin Hettrich sold 58,000 shares of the 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 transaction, the chief financial officer now owns 1,073,022 shares in the company, valued at approximately $6,202,067.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jagdeep Singh sold 192,270 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $5.53, for a total value of $1,063,253.10. Following the sale, the director now directly owns 2,590,583 shares in the company, valued at $14,325,923.99. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 903,591 shares of company stock valued at $5,195,582. 12.03% of the stock is currently owned by corporate insiders.

About 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.