QuantumScape Co. (NYSE:QS) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of QuantumScape Co. (NYSE:QS) by 80.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,533 shares of the company’s stock after purchasing an additional 9,176 shares during the period. Sei Investments Co.’s holdings in QuantumScape were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of QS. Canada Pension Plan Investment Board purchased a new stake in shares of QuantumScape in the 2nd quarter valued at approximately $1,950,000. HighPoint Advisor Group LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at $97,000. Vanguard Group Inc. boosted its holdings in shares of QuantumScape by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock valued at $207,306,000 after buying an additional 796,723 shares in the last quarter. Swiss National Bank boosted its stake in QuantumScape by 9.3% during the 1st quarter. Swiss National Bank now owns 678,800 shares of the company’s stock worth $4,270,000 after purchasing an additional 58,000 shares during the period. Finally, Principal Financial Group Inc. raised its position in QuantumScape by 40.2% during the 1st quarter. Principal Financial Group Inc. now owns 28,278 shares of the company’s stock worth $178,000 after buying an additional 8,106 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Stock Performance

QuantumScape stock opened at $5.64 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. The stock has a fifty day moving average price of $5.73 and a two-hundred day moving average price of $5.85. QuantumScape Co. has a 52-week low of $4.67 and a 52-week high of $10.03. The firm has a market capitalization of $2.85 billion, a P/E ratio of -5.93 and a beta of 4.58.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period in the prior year, the business posted ($0.26) earnings per share. As a group, analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total value of $76,931.68. Following the transaction, the director now directly owns 254,103 shares of the company’s stock, valued at $1,514,453.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CTO Timothy Holme sold 44,306 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the completion of the sale, the chief technology officer now owns 1,168,496 shares of the company’s stock, valued at approximately $7,139,510.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total value of $76,931.68. Following the completion of the sale, the director now directly owns 254,103 shares of the company’s stock, valued at $1,514,453.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,126,067 shares of company stock worth $6,659,475 in the last 90 days. Corporate insiders own 12.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wolfe Research started coverage on shares of QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating for the company. Truist Financial restated a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.14.

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.