513,000 Shares in QuantumScape Corporation $QS Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC acquired a new stake in QuantumScape Corporation by purchasing 513,000 shares, valued at approximately $2.134 million, which constitutes 0.09% of the company's stock.
• Several institutional investors have significantly increased their holdings in QuantumScape, with Signaturefd LLC growing its stake by 2,086.1% during the 1st quarter.
• QuantumScape's share price recently opened at $8.03, reflecting a significant drop of 3.7%, with analysts setting an average price target of $5.90.

Jump Financial LLC purchased a new stake in shares of QuantumScape Corporation (NYSE:QS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of QuantumScape by 2,086.1% during the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company's stock valued at $25,000 after acquiring an additional 5,841 shares during the period. Heck Capital Advisors LLC acquired a new stake in QuantumScape in the fourth quarter valued at approximately $26,000. Federated Hermes Inc. grew its holdings in QuantumScape by 660.0% in the first 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 period. Hollencrest Capital Management grew its holdings in QuantumScape by 333.3% in the first 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 during the period. Finally, Raiffeisen Bank International AG acquired a new stake in QuantumScape in the 4th quarter valued at $29,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Price Performance

Shares of NYSE QS traded down $0.20 during midday trading on Friday, hitting $7.91. The stock had a trading volume of 12,249,252 shares, compared to its average volume of 21,693,500. The company has a market capitalization of $4.47 billion, a PE ratio of -9.19 and a beta of 4.42. The stock has a 50 day simple moving average of $8.89 and a 200-day simple moving average of $5.87. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year high of $15.03. 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 earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). The firm had revenue of $36.67 million during the quarter. During the same quarter in the previous year, the business posted ($0.25) EPS. On average, sell-side analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insider Transactions at QuantumScape

In other news, CTO Timothy Holme sold 358,330 shares of the firm's stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mohit Singh sold 465,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $8.21, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,956,517 shares of company stock worth $34,977,013. Company insiders own 5.48% of the company's stock.

Wall Street Analyst Weigh In

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

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.