Centiva Capital LP Raises Stock Position in QuantumScape Co. (NYSE:QS)

Centiva Capital LP boosted its holdings in shares of QuantumScape Co. (NYSE:QS - Free Report) by 479.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 558,715 shares of the company's stock after buying an additional 462,218 shares during the quarter. Centiva Capital LP owned approximately 0.11% of QuantumScape worth $2,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new position in QuantumScape during the 4th quarter worth about $1,275,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of QuantumScape by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock worth $12,103,000 after acquiring an additional 104,894 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of QuantumScape by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock worth $168,367,000 after purchasing an additional 956,072 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of QuantumScape during the fourth quarter worth approximately $1,527,000. Finally, American Century Companies Inc. increased its holdings in QuantumScape by 1,091.5% in the fourth quarter. American Century Companies Inc. now owns 432,455 shares of the company's stock valued at $2,244,000 after buying an additional 396,160 shares in the last quarter. Institutional investors own 29.87% of the company's stock.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the sale, the chief financial officer now owns 930,800 shares of the company's stock, valued at $4,868,084. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the transaction, the director now directly owns 228,287 shares in the company, valued at approximately $1,191,658.14. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,198 shares of company stock worth $748,796 over the last 90 days. 12.03% of the stock is owned by insiders.

QuantumScape Trading Down 3.1 %

NYSE QS opened at $3.87 on Tuesday. QuantumScape Co. has a one year low of $3.40 and a one year high of $9.52. The business has a 50 day simple moving average of $4.13 and a 200 day simple moving average of $4.84. The stock has a market capitalization of $2.16 billion, a P/E ratio of -4.11 and a beta of 4.38. 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 announced its earnings results on Wednesday, April 23rd. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the prior year, the company earned ($0.24) earnings per share. Research analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QS has been the subject of several recent research reports. Robert W. Baird lowered their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research note on Monday, April 28th. Truist Financial lowered their price objective on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. UBS Group downgraded QuantumScape from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. Finally, Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, QuantumScape presently has a consensus rating of "Hold" and an average target price of $5.19.

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.

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