Carnegie Investment Counsel Has $63,000 Stock Position in QuantumScape Co. (NYSE:QS)

Carnegie Investment Counsel reduced its position in shares of QuantumScape Co. (NYSE:QS - Free Report) by 96.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,100 shares of the company's stock after selling 300,700 shares during the period. Carnegie Investment Counsel's holdings in QuantumScape were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of QuantumScape by 880.6% during the second quarter. American Century Companies Inc. now owns 352,286 shares of the company's stock worth $1,733,000 after purchasing an additional 316,361 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in QuantumScape in the 2nd quarter valued at about $68,000. Vanguard Personalized Indexing Management LLC increased its position in QuantumScape by 41.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,877 shares of the company's stock valued at $127,000 after acquiring an additional 7,624 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of QuantumScape by 36.0% during the second quarter. Hsbc Holdings PLC now owns 16,737 shares of the company's stock worth $82,000 after purchasing an additional 4,433 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of QuantumScape during the second quarter valued at approximately $1,950,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Trading Down 1.0 %

Shares of QS stock traded down $0.05 on Monday, reaching $5.21. The company had a trading volume of 12,671,967 shares, compared to its average volume of 18,751,680. The stock has a market cap of $2.67 billion, a PE ratio of -5.48 and a beta of 4.46. The company has a 50-day moving average of $5.25 and a 200-day moving average of $5.71. 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 12 month low of $4.65 and a 12 month high of $9.52.

QuantumScape (NYSE:QS - Get Free Report) last issued 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 quarter in the previous year, the company earned ($0.23) EPS. On average, equities analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on QS shares. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th. Truist Financial reaffirmed a "hold" rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. One analyst has 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, QuantumScape has a consensus rating of "Hold" and an average price target of $6.26.

Insider Buying and Selling

In other news, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the sale, the director now owns 2,590,583 shares of the company's stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total transaction of $65,056.32. Following the completion of the sale, the director now directly owns 241,195 shares in the company, valued at $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 536,460 shares of company stock valued at $2,903,619. 12.03% of the stock is owned by company insiders.

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.