415,479 Shares in QuantumScape Corporation $QS Purchased by Thames Capital Management LLC

Key Points

• Thames Capital Management bought a new stake of 415,479 shares of QuantumScape in Q2 (about $2.79 million), representing roughly 0.07% ownership.
• Company insiders have been significant net sellers, disposing of 3,021,740 shares worth $44.39 million over the last three months (including large sales by the CTO and a director), leaving insiders with 5.48% ownership.
• Wall Street sentiment is cautious: the consensus rating is "Reduce" with a consensus target price of $7.66, despite the stock trading near $13.50 and a market cap of about $8.12 billion.

Thames Capital Management LLC bought a new stake in shares of QuantumScape Corporation (NYSE:QS - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 415,479 shares of the company's stock, valued at approximately $2,792,000. Thames Capital Management LLC owned 0.07% of QuantumScape as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in QuantumScape in the 1st quarter worth approximately $236,000. Bank of New York Mellon Corp boosted its position in QuantumScape by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 941,148 shares of the company's stock worth $3,915,000 after acquiring an additional 19,764 shares during the period. Signaturefd LLC grew its stake in shares of QuantumScape by 2,086.1% in the first quarter. Signaturefd LLC now owns 6,121 shares of the company's stock worth $25,000 after purchasing an additional 5,841 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in shares of QuantumScape during the first quarter valued at $52,000. Finally, Wealthfront Advisers LLC increased its holdings in shares of QuantumScape by 22.6% during the first quarter. Wealthfront Advisers LLC now owns 19,349 shares of the company's stock valued at $80,000 after purchasing an additional 3,571 shares during the period. Institutional investors and hedge funds own 29.87% of the company's stock.

Insiders Place Their Bets

In related news, CTO Timothy Holme sold 176,352 shares of QuantumScape stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $7.55, for a total value of $1,331,457.60. Following the transaction, the chief technology officer owned 1,445,304 shares of the company's stock, valued at approximately $10,912,045.20. This trade represents a 10.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brad W. Buss sold 400,000 shares of the business's stock in a transaction dated 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 sale, the director owned 122,476 shares in the company, valued at approximately $1,928,997. The trade was a 76.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,021,740 shares of company stock worth $44,388,241 over the last three months. Company insiders own 5.48% of the company's stock.

QuantumScape Price Performance

QuantumScape stock traded up $0.07 during mid-day trading on Monday, hitting $13.50. The company's stock had a trading volume of 3,100,956 shares, compared to its average volume of 29,312,865. The stock has a market capitalization of $8.12 billion, a P/E ratio of -16.70 and a beta of 4.83. QuantumScape Corporation has a twelve month low of $3.40 and a twelve month high of $19.07. The stock's fifty day moving average price is $14.16 and its two-hundred day moving average price is $9.47. 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 announced its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, meeting analysts' consensus estimates of ($0.18). During the same period last year, the company posted ($0.23) EPS. Research analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QS has been the subject of a number of recent analyst reports. Cowen reiterated a "hold" rating on shares of QuantumScape in a research report on Thursday, October 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of QuantumScape in a report on Wednesday, October 8th. TD Cowen boosted their target price on QuantumScape from $5.00 to $16.00 and gave the stock a "hold" rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on QuantumScape and gave the stock a "hold" rating in a research report on Thursday, October 23rd. Finally, Robert W. Baird lifted their price target on QuantumScape from $6.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $7.66.

About QuantumScape

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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