QuantumScape Co. (NYSE:QS) Shares Purchased by KBC Group NV

KBC Group NV raised its position in shares of QuantumScape Co. (NYSE:QS) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,622 shares of the company’s stock after buying an additional 4,512 shares during the period. KBC Group NV’s holdings in QuantumScape were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in QuantumScape by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock worth $191,750,000 after buying an additional 656,646 shares during the period. Janus Henderson Group PLC grew its stake in QuantumScape by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company’s stock worth $11,482,000 after purchasing an additional 25,347 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in QuantumScape by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 930,614 shares of the company’s stock worth $4,579,000 after purchasing an additional 11,897 shares during the period. Private Advisory Group LLC raised its position in QuantumScape by 7.2% in the 2nd quarter. Private Advisory Group LLC now owns 570,704 shares of the company’s stock valued at $2,808,000 after purchasing an additional 38,477 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of QuantumScape during the second quarter worth about $1,950,000. 29.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jurgen Leohold sold 17,435 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.00, for a total value of $104,610.00. Following the completion of the sale, the director now directly owns 194,904 shares of the company’s stock, valued at approximately $1,169,424. This represents a 8.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jagdeep Singh sold 192,270 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $5.99, for a total value of $1,151,697.30. Following the transaction, the director now directly owns 2,590,583 shares in the company, valued at approximately $15,517,592.17. This represents a 6.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 606,197 shares of company stock valued at $3,498,399. 12.03% of the stock is currently owned by company insiders.

QuantumScape Stock Performance

NYSE QS opened at $4.95 on Wednesday. The company has a fifty day moving average of $5.46 and a two-hundred day moving average of $5.75. The company has a market capitalization of $2.53 billion, a PE ratio of -5.21 and a beta of 4.60. QuantumScape Co. has a 1 year low of $4.65 and a 1 year high of $10.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter in the previous year, the business earned ($0.23) earnings per share. As a group, analysts expect that QuantumScape Co. will post -0.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial reiterated a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Wolfe Research started coverage on shares of QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating for the company. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.26.

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.