Green Alpha Advisors LLC Buys 100,316 Shares of QuantumScape Co. (NYSE:QS)

Green Alpha Advisors LLC boosted its position in QuantumScape Co. (NYSE:QS - Free Report) by 180.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,008 shares of the company's stock after purchasing an additional 100,316 shares during the period. Green Alpha Advisors LLC's holdings in QuantumScape were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QS. Heck Capital Advisors LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at about $26,000. Raiffeisen Bank International AG acquired a new stake in shares of QuantumScape in the fourth quarter valued at about $29,000. Blue Trust Inc. increased its stake 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 buying an additional 4,556 shares during the period. Empowered Funds LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at about $53,000. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 29.87% of the company's stock.

Insider Activity at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 71,428 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $4.41, for a total value of $314,997.48. Following the completion of the sale, the insider now directly owns 1,640,998 shares of the company's stock, valued at $7,236,801.18. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Fritz Prinz sold 61,523 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $3.94, for a total value of $242,400.62. Following the completion of the sale, the director now directly owns 231,530 shares of the company's stock, valued at $912,228.20. This represents a 20.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.03% of the stock is currently owned by company insiders.

QuantumScape Stock Down 4.2%

Shares of QS stock traded down $0.18 during trading hours on Thursday, reaching $4.07. The company had a trading volume of 5,632,301 shares, compared to its average volume of 11,420,952. QuantumScape Co. has a 12 month low of $3.40 and a 12 month high of $9.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The business has a fifty day simple moving average of $3.97 and a 200-day simple moving average of $4.67. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -4.33 and a beta of 4.27.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same quarter in the prior year, the firm earned ($0.24) earnings per share. On average, research analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

QS has been the subject of several recent research reports. Robert W. Baird decreased their price target on QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Truist Financial cut their target price on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group cut their target price on QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research report on Monday, April 28th. Evercore ISI restated a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. Finally, UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and cut their target price for the company from $5.00 to $2.50 in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.19.

QuantumScape Company 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.