Numerai GP LLC Grows Position in QuantumScape Co. (NYSE:QS)

Numerai GP LLC boosted its stake in QuantumScape Co. (NYSE:QS - Free Report) by 518.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,352 shares of the company's stock after purchasing an additional 99,226 shares during the quarter. Numerai GP LLC's holdings in QuantumScape were worth $614,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QS. Heck Capital Advisors LLC bought a new stake in QuantumScape in the fourth quarter worth about $26,000. Blue Trust Inc. grew its holdings in QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after acquiring an additional 4,556 shares in the last quarter. Empowered Funds LLC purchased a new position in QuantumScape during the 4th quarter valued at about $53,000. Atlas Legacy Advisors LLC purchased a new position in QuantumScape during the 4th quarter valued at about $53,000. Finally, Essex Financial Services Inc. bought a new stake in shares of QuantumScape in the 4th quarter valued at about $54,000. Institutional investors own 29.87% of the company's stock.

Insider Activity

In other QuantumScape news, CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the sale, the chief financial officer now owns 930,800 shares in the company, valued at approximately $4,868,084. This represents a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 76,315 shares of the business's stock in a transaction on Friday, February 21st. The stock was 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 approximately $5,285,035.29. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,198 shares of company stock valued at $748,796. Company insiders own 12.03% of the company's stock.

Analyst Ratings Changes

QS has been the topic of a number of recent research reports. Robert W. Baird dropped their price objective on QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price target on QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research note on Monday, April 28th. Truist Financial decreased their price target on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a report on Friday, February 14th. UBS Group cut QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Finally, Evercore ISI reaffirmed 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.19.

QuantumScape Price Performance

QS stock traded up $0.09 during mid-day trading on Tuesday, reaching $4.06. 6,969,644 shares of the company's stock were exchanged, compared to its average volume of 11,116,855. QuantumScape Co. has a 12-month low of $3.40 and a 12-month high of $9.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock's 50 day moving average is $4.07 and its 200 day moving average is $4.74. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -4.31 and a beta of 4.38.

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

QuantumScape Company 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.