QuantumScape Corporation $QS Position Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in QuantumScape by 21.5%, holding approximately 0.17% of the company worth $3,998,000.
• QuantumScape's stock price is currently at $8.85, with a market capitalization of $5.01 billion and a 52-week range between $3.40 and $15.03.
• Insiders sold a total of 4,201,036 shares of QuantumScape stock worth nearly $36.9 million in the last 90 days, indicating significant insider selling activity.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in QuantumScape Corporation (NYSE:QS - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 961,052 shares of the company's stock after acquiring an additional 170,173 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.17% of QuantumScape worth $3,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp lifted its stake in QuantumScape by 8.2% during the fourth quarter. Northern Trust Corp now owns 1,724,845 shares of the company's stock worth $8,952,000 after purchasing an additional 130,849 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of QuantumScape by 19.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,199 shares of the company's stock valued at $94,000 after purchasing an additional 2,997 shares during the period. Captrust Financial Advisors acquired a new position in shares of QuantumScape in the fourth quarter valued at approximately $156,000. Cetera Investment Advisers grew its holdings in QuantumScape by 17.3% during the fourth quarter. Cetera Investment Advisers now owns 49,944 shares of the company's stock worth $259,000 after acquiring an additional 7,380 shares during the period. Finally, Ethic Inc. acquired a new position in QuantumScape during the fourth quarter worth $140,000. Hedge funds and other institutional investors own 29.87% of the company's stock.

QuantumScape Price Performance

Shares of NYSE:QS traded up $1.08 on Friday, hitting $9.93. The company had a trading volume of 38,897,411 shares, compared to its average volume of 20,862,266. The company has a current ratio of 16.40, a quick ratio of 16.40 and a debt-to-equity ratio of 0.03. QuantumScape Corporation has a 52-week low of $3.40 and a 52-week high of $15.03. The business has a 50 day moving average of $9.33 and a 200 day moving average of $6.09. The company has a market cap of $5.62 billion, a PE ratio of -11.54 and a beta of 4.42.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.20). The company had revenue of $36.67 million during the quarter. During the same quarter in the prior year, the company earned ($0.25) EPS. As a group, equities analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Fritz Prinz sold 929,813 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $11.62, for a total transaction of $10,804,427.06. Following the transaction, the director directly owned 161,343 shares in the company, valued at approximately $1,874,805.66. This represents a 85.21% 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 stock was sold at an average price of $8.21, for a total value of $3,817,650.00. Following the transaction, the insider owned 1,641,711 shares in the company, valued at $13,478,447.31. This trade represents a 22.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,201,036 shares of company stock valued at $36,884,712. 5.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Robert W. Baird upped their price objective on QuantumScape from $6.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. TD Cowen upgraded QuantumScape to a "hold" rating in a research report on Monday, July 7th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $5.88.

About QuantumScape

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.