Nebula Research & Development LLC Takes $502,000 Position in QuantumScape Co. (NYSE:QS)

Nebula Research & Development LLC acquired a new position in shares of QuantumScape Co. (NYSE:QS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 96,723 shares of the company's stock, valued at approximately $502,000.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of QuantumScape by 20.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 285,583 shares of the company's stock valued at $1,483,000 after buying an additional 48,701 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of QuantumScape during the 4th quarter worth about $74,000. Stifel Financial Corp raised its holdings in QuantumScape by 13.4% in the fourth quarter. Stifel Financial Corp now owns 153,503 shares of the company's stock valued at $797,000 after buying an additional 18,186 shares during the period. Dimensional Fund Advisors LP lifted its position in QuantumScape by 55.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company's stock valued at $30,183,000 after buying an additional 2,066,844 shares in the last quarter. Finally, Farringdon Capital Ltd. purchased a new stake in QuantumScape during the fourth quarter worth approximately $84,000. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Trading Up 1.8 %

NYSE:QS traded up $0.07 on Friday, reaching $3.99. The company's stock had a trading volume of 10,807,661 shares, compared to its average volume of 10,764,858. The firm has a market cap of $2.18 billion, a PE ratio of -4.24 and a beta of 4.37. QuantumScape Co. has a 1-year low of $3.40 and a 1-year high of $9.52. The business's 50-day moving average price is $4.15 and its two-hundred day moving average price is $4.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

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 company posted ($0.24) earnings per share. Equities research analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the sale, the director now directly owns 228,287 shares in the company, valued at approximately $1,191,658.14. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael O. Mccarthy III sold 76,315 shares of QuantumScape stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the completion of the transaction, the insider now directly owns 1,010,523 shares of the company's stock, valued at $5,285,035.29. This represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,198 shares of company stock worth $748,796 in the last 90 days. Corporate insiders own 12.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $5.00 to $2.50 in a report on Thursday, April 10th. The Goldman Sachs Group decreased their target price on QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research note on Monday, April 28th. Finally, Truist Financial decreased their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.19.

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.