Quantbot Technologies LP Grows Stock Holdings in QuantumScape Corporation $QS

Key Points

• Quantbot Technologies LP significantly increased its stake in QuantumScape Corporation by 252.6%, acquiring an additional 502,143 shares to hold a total of 700,898 shares valued at $2.9 million.
• Institutional ownership in QuantumScape has risen, with Vanguard Group increasing its position by 9% and Dimensional Fund Advisors growing theirs by 55.2% in recent quarters.
• Wall Street analysts have mixed views on QuantumScape, with price targets ranging from $2.50 to $11.00, leading to a consensus rating of "Reduce".

Quantbot Technologies LP lifted its stake in QuantumScape Corporation (NYSE:QS - Free Report) by 252.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 700,898 shares of the company's stock after acquiring an additional 502,143 shares during the quarter. Quantbot Technologies LP owned 0.13% of QuantumScape worth $2,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Birchcreek Wealth Management LLC grew its position in QuantumScape by 11.5% during the first quarter. Birchcreek Wealth Management LLC now owns 25,183 shares of the company's stock valued at $105,000 after buying an additional 2,600 shares during the period. HighTower Advisors LLC grew its position in QuantumScape by 13.7% during the first quarter. HighTower Advisors LLC now owns 23,611 shares of the company's stock valued at $98,000 after buying an additional 2,838 shares during the period. Mercer Global Advisors Inc. ADV grew its position in QuantumScape by 19.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,199 shares of the company's stock valued at $94,000 after buying an additional 2,997 shares during the period. Wealthfront Advisers LLC grew its position in QuantumScape by 22.6% during the first quarter. Wealthfront Advisers LLC now owns 19,349 shares of the company's stock valued at $80,000 after buying an additional 3,571 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its position in QuantumScape by 9.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 44,087 shares of the company's stock valued at $229,000 after buying an additional 3,787 shares during the period. 29.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

QS has been the subject of a number of recent analyst reports. TD Cowen upgraded shares of QuantumScape to a "hold" rating in a research report on Monday, July 7th. The Goldman Sachs Group decreased their price target 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. Finally, Robert W. Baird upped their price target on shares of QuantumScape from $6.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Seven investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $5.90.

Insider Activity

In other QuantumScape news, insider Michael O. Mccarthy III sold 500,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $11.60, for a total transaction of $5,800,000.00. Following the completion of the sale, the insider directly owned 1,467,183 shares of the company's stock, valued at approximately $17,019,322.80. This represents a 25.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mohit Singh sold 465,000 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total transaction of $3,817,650.00. Following the sale, the insider directly owned 1,641,711 shares of the company's stock, valued at approximately $13,478,447.31. The trade was a 22.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,956,517 shares of company stock valued at $34,977,013. Corporate insiders own 5.48% of the company's stock.

QuantumScape Stock Up 3.6%

QuantumScape stock traded up $0.2850 during midday trading on Friday, hitting $8.1550. 14,737,956 shares of the company's stock were exchanged, compared to its average volume of 33,806,248. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.40 and a current ratio of 16.40. QuantumScape Corporation has a 12 month low of $3.40 and a 12 month high of $15.03. The firm has a 50-day moving average of $8.52 and a two-hundred day moving average of $5.75. The company has a market cap of $4.62 billion, a PE ratio of -9.48 and a beta of 4.43.

QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.20). The business had revenue of $36.67 million for the quarter. During the same quarter last year, the firm posted ($0.25) EPS. As a group, analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

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.