Dimensional Fund Advisors LP Purchases 2,066,844 Shares of QuantumScape Co. (NYSE:QS)

Dimensional Fund Advisors LP increased its stake in shares of QuantumScape Co. (NYSE:QS - Free Report) by 55.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,814,127 shares of the company's stock after acquiring an additional 2,066,844 shares during the quarter. Dimensional Fund Advisors LP owned about 1.13% of QuantumScape worth $30,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QS. Farringdon Capital Ltd. bought a new stake in shares of QuantumScape in the 4th quarter worth about $84,000. XTX Topco Ltd grew its holdings in shares of QuantumScape by 25.3% in the 4th quarter. XTX Topco Ltd now owns 101,019 shares of the company's stock worth $524,000 after purchasing an additional 20,374 shares during the last quarter. Barclays PLC grew its holdings in shares of QuantumScape by 4.8% in the 4th quarter. Barclays PLC now owns 109,339 shares of the company's stock worth $567,000 after purchasing an additional 5,006 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of QuantumScape by 174.8% in the 4th quarter. Townsquare Capital LLC now owns 33,949 shares of the company's stock worth $176,000 after purchasing an additional 21,594 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of QuantumScape by 58.5% in the 4th quarter. Sterling Capital Management LLC now owns 21,319 shares of the company's stock worth $111,000 after purchasing an additional 7,868 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

QuantumScape Stock Up 1.8%

Shares of NYSE:QS traded up $0.07 during trading on Friday, reaching $4.06. 11,204,771 shares of the stock were exchanged, compared to its average volume of 10,873,735. 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 Co. has a 1-year low of $3.40 and a 1-year high of $9.52. The stock has a fifty day moving average of $4.08 and a two-hundred day moving average of $4.79. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -4.32 and a beta of 4.38.

QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the prior year, the business earned ($0.24) earnings per share. Research analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on QS shares. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Robert W. Baird cut their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Truist Financial cut their price target on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group cut their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research report on Monday, April 28th. Finally, UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and cut their price target for the company from $5.00 to $2.50 in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.19.

Insider Buying and Selling at QuantumScape

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

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.