Capital Fund Management S.A. Buys Shares of 167,763 QuantumScape Co. (NYSE:QS)

Capital Fund Management S.A. bought a new stake in QuantumScape Co. (NYSE:QS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 167,763 shares of the company's stock, valued at approximately $871,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ieq Capital LLC lifted its stake in QuantumScape by 2.6% during the fourth quarter. Ieq Capital LLC now owns 87,370 shares of the company's stock worth $453,000 after purchasing an additional 2,200 shares during the last quarter. Handelsbanken Fonder AB boosted its position in QuantumScape by 2.0% in the fourth quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company's stock valued at $595,000 after buying an additional 2,300 shares in the last quarter. Xponance Inc. grew its position in QuantumScape by 17.8% during the 4th quarter. Xponance Inc. now owns 15,862 shares of the company's stock worth $82,000 after acquiring an additional 2,400 shares during the last quarter. Arizona State Retirement System increased its stake in shares of QuantumScape by 2.3% in the fourth quarter. Arizona State Retirement System now owns 111,364 shares of the company's stock valued at $578,000 after buying an additional 2,483 shares during the period. Finally, Birchcreek Wealth Management LLC increased its position in QuantumScape by 13.6% in the 4th quarter. Birchcreek Wealth Management LLC now owns 22,583 shares of the company's stock valued at $117,000 after acquiring an additional 2,700 shares during the period. Institutional investors own 29.87% of the company's stock.

QuantumScape Stock Up 3.1 %

Shares of QS stock traded up $0.12 on Friday, reaching $3.81. 5,705,309 shares of the company were exchanged, compared to its average volume of 10,695,212. QuantumScape Co. has a one year low of $3.40 and a one year high of $9.52. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -4.05 and a beta of 4.37. The company has a 50-day moving average of $4.39 and a 200-day moving average of $4.96. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In other news, CFO Kevin Hettrich sold 53,975 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $282,289.25. Following the completion of the sale, the chief financial officer now owns 930,800 shares in the company, valued at $4,868,084. This represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael O. Mccarthy III sold 76,315 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the transaction, the insider now owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. This trade represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,147 shares of company stock valued at $935,758. Corporate insiders own 12.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial cut their target price on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group lowered their price target on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating for the company in a report on Thursday, April 10th. UBS Group cut shares of QuantumScape from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Finally, Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.13.

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.