Guardian Investment Management Has $337,000 Holdings in QuantumScape Corporation $QS

Key Points

• Guardian Investment Management increased its holdings in QuantumScape Corporation by 336.2% during the second quarter, owning 50,120 shares valued at approximately $337,000.
• Several institutional investors, including UBS Asset Management and Vanguard Group, have also made significant increases in their stakes in QuantumScape, with institutional ownership now at 29.87%.
• QuantumScape's stock has recently been rated as "hold" by TD Cowen, while analysts anticipate a consensus price target of $5.88, despite the stock currently trading at around $12.67.

Guardian Investment Management grew its position in shares of QuantumScape Corporation (NYSE:QS - Free Report) by 336.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,120 shares of the company's stock after acquiring an additional 38,630 shares during the quarter. Guardian Investment Management's holdings in QuantumScape were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of QuantumScape by 456.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company's stock valued at $19,799,000 after acquiring an additional 3,904,168 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of QuantumScape by 9.0% during the first quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company's stock valued at $147,064,000 after acquiring an additional 2,911,362 shares in the last quarter. Nuveen LLC bought a new stake in shares of QuantumScape during the first quarter valued at approximately $2,819,000. Jump Financial LLC bought a new stake in shares of QuantumScape during the first quarter valued at approximately $2,134,000. Finally, Quantbot Technologies LP increased its holdings in shares of QuantumScape by 252.6% during the first quarter. Quantbot Technologies LP now owns 700,898 shares of the company's stock valued at $2,916,000 after acquiring an additional 502,143 shares in the last quarter. Institutional investors own 29.87% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QS. TD Cowen upgraded QuantumScape to a "hold" rating in a report on Monday, July 7th. Robert W. Baird upped their price target on QuantumScape from $6.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, QuantumScape has an average rating of "Reduce" and a consensus price target of $5.88.

QuantumScape Trading Up 1.3%

Shares of QuantumScape stock opened at $12.67 on Friday. The stock has a fifty day simple moving average of $9.70 and a 200 day simple moving average of $6.62. QuantumScape Corporation has a 12-month low of $3.40 and a 12-month high of $15.03. The company has a market capitalization of $7.17 billion, a P/E ratio of -14.73 and a beta of 4.42. The company has a current ratio of 16.40, a quick ratio of 16.40 and a debt-to-equity ratio of 0.03.

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 period in the previous year, the business earned ($0.25) EPS. On average, sell-side analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 500,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $5,800,000.00. Following the completion of the transaction, the insider owned 1,467,183 shares in the company, valued at $17,019,322.80. This represents a 25.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey B. Straubel sold 157,180 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $9.20, for a total value of $1,446,056.00. Following the completion of the transaction, the director owned 348,146 shares of the company's stock, valued at $3,202,943.20. This trade represents a 31.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,791,051 shares of company stock worth $34,696,538. Company insiders own 5.48% of the company's stock.

QuantumScape 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.