Barclays PLC Has $599,000 Stake in QuantumScape Co. (NYSE:QS)

Barclays PLC lifted its stake in QuantumScape Co. (NYSE:QS - Free Report) by 326.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,333 shares of the company's stock after buying an additional 79,871 shares during the period. Barclays PLC's holdings in QuantumScape were worth $599,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after buying an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after acquiring an additional 4,228 shares in the last quarter. Centaurus Financial Inc. bought a new stake in QuantumScape in the second quarter valued at about $52,000. Atom Investors LP acquired a new position in QuantumScape in the third quarter worth about $60,000. Finally, Nwam LLC bought a new position in QuantumScape during the third quarter worth about $64,000. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Price Performance

NYSE QS traded down $0.05 during trading hours on Friday, reaching $5.21. 12,671,967 shares of the company's stock were exchanged, compared to its average volume of 20,434,639. The firm has a fifty day moving average of $5.24 and a 200-day moving average of $5.69. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a one year low of $4.65 and a one year high of $9.52. The stock has a market cap of $2.67 billion, a PE ratio of -5.48 and a beta of 4.46.

QuantumScape (NYSE:QS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the company posted ($0.23) earnings per share. On average, equities research analysts predict that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other QuantumScape news, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the transaction, the director now directly owns 2,590,583 shares in the company, valued at approximately $12,978,820.83. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mohit Singh sold 97,305 shares of the business's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $6.24, for a total value of $607,183.20. Following the sale, the insider now owns 1,092,020 shares of the company's stock, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 536,460 shares of company stock valued at $2,903,619 in the last 90 days. 12.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on QS. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Truist Financial reiterated a "hold" rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price on the stock in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $6.26.

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.