Perbak Capital Partners LLP Makes New Investment in QuantumScape Corporation $QS

Key Points

• Perbak Capital Partners LLP acquired 84,908 shares of QuantumScape Corporation for approximately $353,000 as reported in their 13F filing with the SEC.
• Significant increases in positions from other institutional investors, such as Signaturefd LLC, which upped its stake by 2,086.1% during the first quarter.
• QuantumScape's stock is currently trading at $7.91, down 2.4%, with a market cap of $4.47 billion and a 52-week high of $15.03.

Perbak Capital Partners LLP bought a new stake in QuantumScape Corporation (NYSE:QS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 84,908 shares of the company's stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in QuantumScape by 9.0% during the first quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company's stock worth $147,064,000 after buying an additional 2,911,362 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in QuantumScape by 55.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company's stock worth $30,183,000 after buying an additional 2,066,844 shares during the last quarter. Nuveen LLC bought a new stake in QuantumScape during the first quarter worth about $2,819,000. Jump Financial LLC bought a new stake in QuantumScape during the first quarter worth about $2,134,000. Finally, Quantbot Technologies LP grew its stake in QuantumScape by 252.6% during the first quarter. Quantbot Technologies LP now owns 700,898 shares of the company's stock worth $2,916,000 after buying an additional 502,143 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

QuantumScape Trading Up 1.6%

QS stock traded up $0.12 during midday trading on Friday, reaching $7.77. The company's stock had a trading volume of 5,863,372 shares, compared to its average volume of 23,634,795. QuantumScape Corporation has a 52 week low of $3.40 and a 52 week high of $15.03. The stock has a market cap of $4.40 billion, a PE ratio of -9.09 and a beta of 4.42. The company has a quick ratio of 16.40, a current ratio of 16.40 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $9.08 and its 200-day simple moving average is $5.93.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.20). The business had revenue of $36.67 million during the quarter. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. As a group, sell-side analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of QuantumScape from $6.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. TD Cowen raised shares of QuantumScape to a "hold" rating in a research note on Monday, July 7th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $5.90.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CTO Timothy Holme sold 358,330 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $7.03, for a total value of $2,519,059.90. Following the transaction, the chief technology officer directly owned 1,705,428 shares of the company's stock, valued at approximately $11,989,158.84. This trade represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fritz Prinz sold 929,813 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $11.62, for a total transaction of $10,804,427.06. Following the completion of the transaction, the director directly owned 161,343 shares in the company, valued at approximately $1,874,805.66. The trade was a 85.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,956,517 shares of company stock valued at $34,977,013 in the last three months. Insiders own 5.48% of the company's stock.

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.