QuantumScape Co. (NYSE:QS) Shares Purchased by Duality Advisers LP

Duality Advisers LP increased its stake in shares of QuantumScape Co. (NYSE:QS - Free Report) by 133.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 371,340 shares of the company's stock after purchasing an additional 212,468 shares during the period. Duality Advisers LP owned approximately 0.08% of QuantumScape worth $2,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its holdings in QuantumScape by 66.5% during the fourth quarter. Handelsbanken Fonder AB now owns 70,100 shares of the company's stock valued at $487,000 after buying an additional 28,000 shares during the last quarter. Xponance Inc. raised its holdings in QuantumScape by 15.8% in the 4th quarter. Xponance Inc. now owns 12,050 shares of the company's stock worth $84,000 after purchasing an additional 1,640 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in QuantumScape by 20.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,868 shares of the company's stock valued at $465,000 after purchasing an additional 11,273 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in QuantumScape in the fourth quarter worth about $243,000. Finally, SVB Wealth LLC purchased a new position in shares of QuantumScape during the 4th quarter valued at about $81,000. Hedge funds and other institutional investors own 29.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QS. Truist Financial lowered their target price on shares of QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a research note on Monday. Robert W. Baird boosted their price target on QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, QuantumScape currently has a consensus rating of "Hold" and a consensus target price of $6.46.

QuantumScape Price Performance

Shares of NYSE QS traded up $0.02 during mid-day trading on Monday, hitting $5.39. 7,469,315 shares of the company's stock traded hands, compared to its average volume of 9,443,603. The company has a market capitalization of $2.67 billion, a P/E ratio of -5.61 and a beta of 4.76. QuantumScape Co. has a 1 year low of $4.99 and a 1 year high of $13.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.98 and a quick ratio of 18.98. The company's 50-day moving average is $6.08 and its two-hundred day moving average is $6.44.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). During the same period in the prior year, the company posted ($0.25) earnings per share. On average, equities analysts anticipate that QuantumScape Co. will post -0.87 EPS for the current fiscal year.

Insider Activity at QuantumScape

In related news, insider Michael O. Mccarthy III sold 21,840 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $6.17, for a total value of $134,752.80. Following the transaction, the insider now owns 731,629 shares of the company's stock, valued at approximately $4,514,150.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Michael O. Mccarthy III sold 21,840 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the transaction, the insider now owns 731,629 shares in the company, valued at $4,514,150.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98. Following the transaction, the chief financial officer now owns 1,178,512 shares in the company, valued at $7,236,063.68. The disclosure for this sale can be found here. Insiders sold a total of 194,970 shares of company stock worth $1,250,775 in the last quarter. 10.18% of the stock is owned by company insiders.

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.