167,763 Shares in QuantumScape Co. (NYSE:QS) Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. purchased a new position in QuantumScape Co. (NYSE:QS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 167,763 shares of the company's stock, valued at approximately $871,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in QuantumScape in the fourth quarter worth approximately $1,527,000. Legal & General Group Plc lifted its position in shares of QuantumScape by 1.5% in the fourth quarter. Legal & General Group Plc now owns 405,363 shares of the company's stock worth $2,104,000 after buying an additional 5,838 shares in the last quarter. Invesco Ltd. boosted its position in shares of QuantumScape by 8.3% during the 4th quarter. Invesco Ltd. now owns 1,550,012 shares of the company's stock valued at $8,045,000 after acquiring an additional 118,710 shares during the last quarter. Polymer Capital Management US LLC bought a new stake in shares of QuantumScape in the 4th quarter worth about $133,000. Finally, Thoroughbred Financial Services LLC bought a new stake in QuantumScape in the fourth quarter worth about $99,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

QuantumScape Stock Up 3.1 %

QuantumScape stock traded up $0.12 during midday trading on Friday, hitting $3.81. 5,705,309 shares of the company were exchanged, compared to its average volume of 10,677,303. The company's fifty day moving average price is $4.39 and its 200-day moving average price is $4.97. The company has a market cap of $2.08 billion, a PE ratio of -4.05 and a beta of 4.37. QuantumScape Co. has a fifty-two week low of $3.40 and a fifty-two week 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.

QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, research analysts predict that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Fritz Prinz sold 12,908 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.22, for a total transaction of $67,379.76. Following the completion of the transaction, the director now directly owns 228,287 shares of the company's stock, valued at approximately $1,191,658.14. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Hettrich sold 53,975 shares of QuantumScape stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.23, for a total transaction of $282,289.25. Following the transaction, the chief financial officer now directly owns 930,800 shares of the company's stock, valued at $4,868,084. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,147 shares of company stock worth $935,758 in the last ninety days. 12.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on QS. Evercore ISI reiterated a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. Truist Financial reduced their price objective on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group dropped their price target on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, QuantumScape has an average rating of "Hold" and a consensus target price of $5.13.

About QuantumScape

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.