Jump Financial LLC Buys Shares of 513,000 QuantumScape Corporation $QS

Jump Financial LLC purchased a new stake in QuantumScape Corporation (NYSE:QS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 513,000 shares of the company's stock, valued at approximately $2,134,000. Jump Financial LLC owned 0.09% of QuantumScape as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in QuantumScape by 2,086.1% during the 1st 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. Heck Capital Advisors LLC acquired a new position in QuantumScape during the 4th quarter worth approximately $26,000. Federated Hermes Inc. increased its position in shares of QuantumScape by 660.0% in the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock valued at $26,000 after purchasing an additional 5,438 shares during the last quarter. Hollencrest Capital Management raised its holdings in shares of QuantumScape by 333.3% in the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock valued at $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of QuantumScape during the 4th quarter worth $29,000. Institutional investors and hedge funds own 29.87% of the company's stock.

QuantumScape Trading Down 3.7%

NYSE QS opened at $8.03 on Thursday. The stock has a market capitalization of $4.54 billion, a P/E ratio of -9.33 and a beta of 4.43. QuantumScape Corporation has a 52-week low of $3.40 and a 52-week high of $15.03. The firm has a 50-day moving average price of $8.75 and a 200 day moving average price of $5.82. The company has a quick ratio of 16.40, a current ratio of 16.40 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.20). The firm had revenue of $36.67 million during the quarter. During the same quarter in the prior year, the company posted ($0.25) EPS. Equities research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QS. Robert W. Baird upped their target price on shares of QuantumScape from $6.00 to $11.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. TD Cowen raised shares of QuantumScape to a "hold" rating in a research report on Monday, July 7th. Seven investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, QuantumScape currently has a consensus rating of "Reduce" and an average price target of $5.90.

Insider Buying and Selling

In other news, insider Mohit Singh sold 465,000 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total value of $3,817,650.00. Following the completion of the transaction, the insider directly owned 1,641,711 shares in the company, valued at approximately $13,478,447.31. This represents a 22.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 500,000 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $5,800,000.00. Following the transaction, the insider owned 1,467,183 shares of the company's stock, valued at approximately $17,019,322.80. This trade represents a 25.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,956,517 shares of company stock valued at $34,977,013. 5.48% of the stock is owned by company insiders.

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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