QuantumScape Co. (NYSE:QS) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of QuantumScape Co. (NYSE:QS - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,331,966 shares of the company's stock after acquiring an additional 104,894 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.46% of QuantumScape worth $12,103,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in QuantumScape during the fourth quarter valued at about $26,000. Blue Trust Inc. increased its position 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 purchasing an additional 4,556 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new position in QuantumScape in the fourth quarter valued at approximately $53,000. Empowered Funds LLC acquired a new position in QuantumScape during the fourth quarter valued at approximately $53,000. Finally, Essex Financial Services Inc. purchased a new stake in QuantumScape during the fourth quarter worth approximately $54,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on QS shares. Evercore ISI reiterated a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Truist Financial decreased their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.06.

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QuantumScape Stock Up 0.9 %

Shares of NYSE:QS traded up $0.04 during midday trading on Tuesday, reaching $4.70. The company had a trading volume of 6,819,749 shares, compared to its average volume of 10,413,759. QuantumScape Co. has a one year low of $4.05 and a one year 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 has a market capitalization of $2.57 billion, a P/E ratio of -5.00 and a beta of 4.45. The stock's fifty day moving average price is $4.87 and its 200-day moving average price is $5.21.

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

Insider Activity at QuantumScape

In related news, insider Mohit Singh sold 97,305 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $6.24, for a total transaction of $607,183.20. Following the sale, the insider now owns 1,092,020 shares in the company, valued at $6,814,204.80. This represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the transaction, the director now directly owns 228,287 shares of the company's stock, valued at $1,191,658.14. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 277,452 shares of company stock valued at $1,542,942. Corporate insiders own 12.03% of the company's stock.

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.