Two Sigma Investments LP Sells 137,744 Shares of QuantumScape Co. (NYSE:QS)

Two Sigma Investments LP lowered its position in shares of QuantumScape Co. (NYSE:QS - Free Report) by 81.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,083 shares of the company's stock after selling 137,744 shares during the quarter. Two Sigma Investments LP's holdings in QuantumScape were worth $167,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of QuantumScape during the fourth quarter valued at about $17,762,000. Dimensional Fund Advisors LP raised its holdings in shares of QuantumScape by 55.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company's stock worth $30,183,000 after acquiring an additional 2,066,844 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of QuantumScape by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock worth $168,367,000 after acquiring an additional 956,072 shares during the last quarter. Centiva Capital LP raised its holdings in shares of QuantumScape by 479.0% in the 4th quarter. Centiva Capital LP now owns 558,715 shares of the company's stock worth $2,900,000 after acquiring an additional 462,218 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of QuantumScape by 1,091.5% in the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company's stock worth $2,244,000 after acquiring an additional 396,160 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group lowered their target price on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a report on Monday, April 28th. UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. Finally, Evercore ISI restated a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, QuantumScape currently has an average rating of "Hold" and a consensus target price of $5.19.

Insider Activity

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

QuantumScape Stock Performance

QS traded up $0.13 on Monday, hitting $4.47. The company's stock had a trading volume of 8,900,821 shares, compared to its average volume of 11,665,942. The company's 50 day simple moving average is $4.05 and its 200-day simple moving average is $4.62. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 12 month low of $3.40 and a 12 month high of $9.52. The firm has a market cap of $2.50 billion, a P/E ratio of -4.75 and a beta of 4.27.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same quarter in the previous year, the firm posted ($0.24) EPS. Analysts forecast that QuantumScape Co. will post -0.82 EPS for the current 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.