Janus Henderson Group PLC Sells 1,667,359 Shares of QuantumScape Co. (NYSE:QS)

Janus Henderson Group PLC reduced its holdings in shares of QuantumScape Co. (NYSE:QS) by 91.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 158,546 shares of the company’s stock after selling 1,667,359 shares during the period. Janus Henderson Group PLC’s holdings in QuantumScape were worth $912,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in shares of QuantumScape by 6,650.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after purchasing an additional 133,000 shares during the period. Canada Pension Plan Investment Board acquired a new stake in QuantumScape in the 2nd quarter valued at $1,950,000. Sanctuary Advisors LLC bought a new stake in QuantumScape in the second quarter valued at $680,000. Susquehanna Fundamental Investments LLC acquired a new position in QuantumScape during the second quarter worth $644,000. Finally, American Century Companies Inc. lifted its holdings in shares of QuantumScape by 880.6% during the second quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock valued at $1,733,000 after acquiring an additional 316,361 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael O. Mccarthy III sold 27,305 shares of QuantumScape stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.07, for a total transaction of $138,436.35. Following the completion of the sale, the insider now directly owns 1,129,167 shares of the company’s stock, valued at $5,724,876.69. The trade was a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jagdeep Singh sold 308,097 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $5.30, for a total value of $1,632,914.10. Following the completion of the transaction, the director now directly owns 2,563,767 shares in the company, valued at $13,587,965.10. The trade was a 10.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 858,302 shares of company stock valued at $4,701,379 over the last ninety days. Insiders own 12.03% of the company’s stock.

QuantumScape Stock Down 0.8 %

Shares of QS opened at $4.89 on Friday. The business’s fifty day moving average price is $5.21 and its two-hundred day moving average price is $5.67. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -5.15 and a beta of 4.50. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $10.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the company posted ($0.23) earnings per share. On average, analysts predict that QuantumScape Co. will post -0.99 earnings per share for the current year.

Analysts Set New Price Targets

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

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.