Northern Trust Corp boosted its stake in QuantumScape Co. (NYSE:QS - Free Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,724,845 shares of the company's stock after purchasing an additional 130,849 shares during the period. Northern Trust Corp owned about 0.34% of QuantumScape worth $8,952,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in QuantumScape during the 4th quarter worth approximately $26,000. Blue Trust Inc. boosted its position in shares of QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock valued at $39,000 after acquiring an additional 4,556 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of QuantumScape in the fourth quarter worth $53,000. Empowered Funds LLC purchased a new position in QuantumScape in the fourth quarter worth $53,000. Finally, Essex Financial Services Inc. bought a new stake in QuantumScape in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 29.87% of the company's stock.
QuantumScape Price Performance
Shares of QS traded down $0.08 on Wednesday, reaching $3.92. The stock had a trading volume of 12,898,209 shares, compared to its average volume of 11,196,121. QuantumScape Co. has a twelve month low of $3.40 and a twelve month high of $9.52. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $4.07 and a 200 day moving average of $4.74. The firm has a market capitalization of $2.19 billion, a PE ratio of -4.16 and a beta of 4.38.
QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same quarter in the previous year, the business earned ($0.24) EPS. Sell-side analysts expect that QuantumScape Co. will post -0.82 EPS for the current year.
Insider Activity at QuantumScape
In related news, insider Michael O. Mccarthy III sold 76,315 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the transaction, the insider now directly owns 1,010,523 shares in the company, valued at $5,285,035.29. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Fritz Prinz sold 12,908 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the transaction, the director now owns 228,287 shares of the company's stock, valued at $1,191,658.14. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,626 shares of company stock worth $1,063,794 over the last ninety days. 12.03% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have commented on QS. UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the company from $5.00 to $2.50 in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their price objective on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research note on Monday, April 28th. Robert W. Baird cut their price objective on QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. Finally, Truist Financial reduced their price objective on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.19.
View Our Latest Report on QS
QuantumScape Company Profile
(
Free Report)
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.
Further Reading
Before you consider QuantumScape, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QuantumScape wasn't on the list.
While QuantumScape currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
