Dynamic Technology Lab Private Ltd Decreases Position in QuantumScape Co. (NYSE:QS)

Dynamic Technology Lab Private Ltd lessened its stake in QuantumScape Co. (NYSE:QS) by 65.3% during the third quarter, HoldingsChannel reports. The firm owned 45,541 shares of the company’s stock after selling 85,785 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in QuantumScape were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its stake in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares during the period. International Assets Investment Management LLC boosted its position in QuantumScape by 475.1% during 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 boosted its position in QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. bought a new stake in shares of QuantumScape in the second quarter valued at approximately $36,000. Finally, Alaska Wealth Advisors bought a new stake in shares of QuantumScape in the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insider Activity at QuantumScape

In other QuantumScape news, Director Jurgen Leohold sold 17,435 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.00, for a total transaction of $104,610.00. Following the completion of the transaction, the director now owns 194,904 shares of the company’s stock, valued at $1,169,424. This represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael O. Mccarthy III sold 106,084 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $5.90, for a total value of $625,895.60. Following the completion of the sale, the insider now owns 1,181,884 shares of the company’s stock, valued at approximately $6,973,115.60. This trade represents a 8.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 702,057 shares of company stock worth $3,982,909 in the last three months. 12.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on QS. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research note on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Wolfe Research began coverage on QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, QuantumScape has an average rating of “Hold” and an average target price of $6.26.

QuantumScape Stock Up 1.0 %

QS opened at $5.23 on Monday. The company has a market cap of $2.68 billion, a P/E ratio of -5.51 and a beta of 4.60. QuantumScape Co. has a 12 month low of $4.65 and a 12 month high of $10.03. The business’s 50-day moving average price is $5.35 and its 200-day moving average price is $5.72. 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 (NYSE:QS) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the previous year, the company posted ($0.23) earnings per share. On average, equities analysts expect that QuantumScape Co. will post -0.99 EPS for the current year.

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.