QuantumScape Co. (NYSE:QS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of QuantumScape Co. (NYSE:QS - Free Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,853,958 shares of the company's stock after purchasing an additional 218,743 shares during the period. Geode Capital Management LLC owned 1.14% of QuantumScape worth $33,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signaturefd LLC boosted its position in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after purchasing an additional 2,148 shares in the last quarter. International Assets Investment Management LLC raised its holdings in QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after buying an additional 4,228 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of QuantumScape in the second quarter worth approximately $52,000. Financial Advocates Investment Management purchased a new stake in shares of QuantumScape during the second quarter valued at approximately $58,000. Finally, Atom Investors LP bought a new stake in shares of QuantumScape during the third quarter valued at approximately $60,000. Institutional investors own 29.87% of the company's stock.

QuantumScape Price Performance

QuantumScape stock traded up $0.77 during mid-day trading on Thursday, reaching $6.14. 36,047,180 shares of the company's stock traded hands, compared to its average volume of 9,540,117. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $10.03. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $5.17 and a two-hundred day moving average of $5.64. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -6.46 and a beta of 4.50.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the firm posted ($0.23) earnings per share. 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 research analysts recently weighed in on the stock. Truist Financial restated a "hold" rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Wolfe Research began coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an "underperform" rating on the stock. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.26.

Insider Activity at QuantumScape

In other news, Director Jagdeep Singh sold 192,270 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $5.53, for a total transaction of $1,063,253.10. Following the transaction, the director now owns 2,590,583 shares of the company's stock, valued at approximately $14,325,923.99. This represents a 6.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fritz Prinz sold 12,908 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.04, for a total transaction of $65,056.32. Following the transaction, the director now owns 241,195 shares in the company, valued at approximately $1,215,622.80. The trade was a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 666,032 shares of company stock worth $3,549,682. Insiders own 12.03% of the company's stock.

QuantumScape 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.