QuantumScape Corporation $QS Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford trimmed its stake in QuantumScape by 14.6%, selling 249,029 shares in Q4 and retaining 1,459,100 shares (about 0.24% of the company) valued at roughly $15.2 million.
• Insider sales have been sizable recently: CTO Timothy Holme and CFO Kevin Hettrich sold shares under 10b5-1 plans, and insiders have disposed of 676,725 shares worth about $4.59 million over the past 90 days, leaving insiders with 5.48% ownership.
• Analysts are cautious—MarketBeat shows a consensus rating of "Reduce" with a $9.90 target—while the stock trades around $6.44, has a market cap near $3.95 billion and negative earnings per share.

Baillie Gifford & Co. lessened its stake in QuantumScape Corporation (NYSE:QS - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,459,100 shares of the company's stock after selling 249,029 shares during the quarter. Baillie Gifford & Co. owned approximately 0.24% of QuantumScape worth $15,204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of QuantumScape by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,635,232 shares of the company's stock valued at $451,346,000 after purchasing an additional 422,378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of QuantumScape by 456.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company's stock valued at $19,799,000 after purchasing an additional 3,904,168 shares in the last quarter. Two Sigma Investments LP grew its position in shares of QuantumScape by 150.1% during the 3rd quarter. Two Sigma Investments LP now owns 3,630,275 shares of the company's stock valued at $44,725,000 after buying an additional 2,178,918 shares during the last quarter. Man Group plc bought a new stake in shares of QuantumScape during the 3rd quarter valued at about $44,421,000. Finally, Bank of America Corp DE grew its position in shares of QuantumScape by 148.0% during the 2nd quarter. Bank of America Corp DE now owns 2,803,989 shares of the company's stock valued at $18,843,000 after buying an additional 1,673,472 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.

Insider Activity

In other QuantumScape news, CTO Timothy Holme sold 127,077 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $6.18, for a total value of $785,335.86. Following the sale, the chief technology officer owned 1,108,182 shares in the company, valued at approximately $6,848,564.76. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Hettrich sold 9,800 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $6.20, for a total transaction of $60,760.00. Following the completion of the sale, the chief financial officer owned 1,357,918 shares in the company, valued at $8,419,091.60. The trade was a 0.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 676,725 shares of company stock worth $4,587,359 over the last ninety days. 5.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Cowen reaffirmed a "hold" rating on shares of QuantumScape in a research report on Wednesday, February 18th. Morgan Stanley lowered their price objective on shares of QuantumScape from $12.00 to $8.50 and set an "equal weight" rating for the company in a research report on Wednesday, February 18th. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and lowered their price objective for the company from $10.50 to $8.30 in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price objective on shares of QuantumScape in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $9.90.

QuantumScape Stock Up 1.3%

QS stock opened at $6.44 on Tuesday. The stock has a market cap of $3.95 billion, a PE ratio of -7.95 and a beta of 2.54. The firm's 50-day simple moving average is $7.05 and its 200 day simple moving average is $10.81. QuantumScape Corporation has a fifty-two week low of $3.60 and a fifty-two week high of $19.07. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The firm's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.22) EPS. As a group, sell-side analysts predict that QuantumScape Corporation will post -0.82 EPS for the current year.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company's core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape's product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.

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