4,090 Shares in QuantumScape Corporation $QS Bought by North Capital Inc.

by · The Markets Daily

North Capital Inc. bought a new stake in QuantumScape Corporation (NYSE:QS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,090 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors also recently bought and sold shares of QS. Signaturefd LLC boosted its position in shares of QuantumScape by 2,086.1% during the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company’s stock worth $25,000 after acquiring an additional 5,841 shares in the last quarter. Federated Hermes Inc. lifted its stake in QuantumScape by 660.0% during the first quarter. Federated Hermes Inc. now owns 6,262 shares of the company’s stock worth $26,000 after purchasing an additional 5,438 shares during the last quarter. Hollencrest Capital Management boosted its holdings in QuantumScape by 333.3% in the first quarter. Hollencrest Capital Management now owns 6,500 shares of the company’s stock valued at $27,000 after purchasing an additional 5,000 shares in the last quarter. Quarry LP acquired a new position in QuantumScape in the first quarter valued at approximately $37,000. Finally, Opal Wealth Advisors LLC purchased a new position in QuantumScape in the second quarter valued at approximately $67,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other QuantumScape news, CTO Timothy Holme sold 176,352 shares of QuantumScape stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $7.55, for a total transaction of $1,331,457.60. Following the completion of the transaction, the chief technology officer owned 1,445,304 shares in the company, valued at approximately $10,912,045.20. The trade was a 10.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brad W. Buss sold 400,000 shares of QuantumScape stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $15.75, for a total value of $6,300,000.00. Following the transaction, the director owned 122,476 shares of the company’s stock, valued at $1,928,997. This represents a 76.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,844,134 shares of company stock worth $41,397,924 in the last three months. Company insiders own 5.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on QS. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuantumScape in a research note on Wednesday, October 8th. TD Cowen lifted their target price on QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Robert W. Baird upped their target price on QuantumScape from $6.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Cowen restated a “hold” rating on shares of QuantumScape in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price objective on QuantumScape and gave the company a “hold” rating in a research note on Thursday, October 23rd. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $7.66.

View Our Latest Stock Analysis on QuantumScape

QuantumScape Price Performance

Shares of NYSE:QS opened at $15.91 on Friday. The company has a 50-day moving average price of $13.28 and a 200 day moving average price of $8.93. QuantumScape Corporation has a 52 week low of $3.40 and a 52 week high of $19.07. The company has a market cap of $9.57 billion, a P/E ratio of -19.64 and a beta of 4.83. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS – Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). The business had revenue of ($36.67) million during the quarter. During the same period in the prior year, the business posted ($0.23) earnings per share. Research analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

QuantumScape Profile

(Free Report)

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.

Further Reading

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