75,870 Shares in QuantumScape Corporation $QS Bought by Himension Capital Singapore PTE. LTD.

Key Points

• Himension Capital Singapore PTE. LTD. opened a new stake in QuantumScape, buying 75,870 shares worth about $510,000, while other institutions added modest positions and institutional ownership stands at roughly 29.87%.
• Company insiders have been net sellers recently — a total of 3,278,248 shares valued at about $47.6 million were sold in the last 90 days, including notable sales by Michael O. McCarthy III and Director Jeffrey B. Straubel; insiders now hold 5.48% of the stock.
• Market sentiment is cautious: QuantumScape has a market cap of about $7.15 billion, a 12‑month range of $3.40–$19.07, and a consensus analyst rating of "Reduce" with an average price target of $8.81 amid mixed hold/sell coverage.

Himension Capital Singapore PTE. LTD. bought a new position in shares of QuantumScape Corporation (NYSE:QS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 75,870 shares of the company's stock, valued at approximately $510,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. North Capital Inc. acquired a new stake in QuantumScape during the 2nd quarter worth about $27,000. PNC Financial Services Group Inc. increased its position in shares of QuantumScape by 54.5% in the second quarter. PNC Financial Services Group Inc. now owns 5,565 shares of the company's stock worth $37,000 after acquiring an additional 1,963 shares in the last quarter. Federated Hermes Inc. increased its position in shares of QuantumScape by 660.0% in the first quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock worth $26,000 after acquiring an additional 5,438 shares in the last quarter. Quarry LP acquired a new stake in shares of QuantumScape during the first quarter valued at approximately $37,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of QuantumScape in the 2nd quarter valued at approximately $67,000. Institutional investors and hedge funds own 29.87% of the company's stock.

Insider Activity at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 20,435 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $16.12, for a total transaction of $329,412.20. Following the transaction, the insider owned 137,888 shares in the company, valued at $2,222,754.56. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey B. Straubel sold 157,171 shares of QuantumScape stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $16.93, for a total transaction of $2,660,905.03. Following the completion of the transaction, the director directly owned 293,934 shares in the company, valued at approximately $4,976,302.62. This represents a 34.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,278,248 shares of company stock worth $47,585,200 in the last 90 days. Insiders own 5.48% of the company's stock.

QuantumScape Stock Performance

QS stock opened at $11.89 on Wednesday. The firm has a 50 day moving average of $14.55 and a two-hundred day moving average of $9.88. QuantumScape Corporation has a 12 month low of $3.40 and a 12 month high of $19.07. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of -14.67 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 quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.18). During the same quarter last year, the business posted ($0.23) earnings per share. As a group, equities analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on QS. Weiss Ratings reiterated a "sell (d-)" rating on shares of QuantumScape in a research report on Wednesday, October 8th. Hsbc Global Res upgraded QuantumScape to a "moderate sell" rating in a report on Wednesday, November 19th. TD Cowen increased their price objective on QuantumScape from $5.00 to $16.00 and gave the stock a "hold" rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on QuantumScape and gave the stock a "hold" rating in a research report on Thursday, October 23rd. Finally, Evercore ISI reissued an "in-line" rating and issued a $12.00 price target (up from $8.00) on shares of QuantumScape in a research report on Monday. Six analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $8.81.

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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