Susquehanna Fundamental Investments LLC Makes New $644,000 Investment in QuantumScape Co. (NYSE:QS)

Susquehanna Fundamental Investments LLC bought a new position in QuantumScape Co. (NYSE:QS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 130,832 shares of the company's stock, valued at approximately $644,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QS. Canada Pension Plan Investment Board acquired a new stake in shares of QuantumScape in the second quarter worth $1,950,000. HighPoint Advisor Group LLC purchased a new position in shares of QuantumScape during the 4th quarter valued at about $97,000. Vanguard Group Inc. lifted its holdings in shares of QuantumScape by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company's stock valued at $207,306,000 after buying an additional 796,723 shares during the period. Swiss National Bank boosted its stake in shares of QuantumScape by 9.3% in the first quarter. Swiss National Bank now owns 678,800 shares of the company's stock worth $4,270,000 after buying an additional 58,000 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in QuantumScape by 40.2% during the first quarter. Principal Financial Group Inc. now owns 28,278 shares of the company's stock valued at $178,000 after acquiring an additional 8,106 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial reaffirmed a "hold" rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Monday, August 5th. Wolfe Research initiated coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an "underperform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.95.

Insider Buying and Selling

In related news, Director Jagdeep Singh sold 192,270 shares of QuantumScape stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the transaction, the director now owns 2,590,583 shares in the company, valued at $15,517,592.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other QuantumScape news, insider Michael O. Mccarthy III sold 222,476 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total value of $1,463,892.08. Following the transaction, the insider now directly owns 1,283,847 shares in the company, valued at approximately $8,447,713.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of QuantumScape stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the sale, the director now directly owns 2,590,583 shares in the company, valued at approximately $15,517,592.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,264,684 shares of company stock worth $7,593,977. 10.18% of the stock is owned by insiders.

QuantumScape Price Performance

NYSE:QS traded down $0.06 during trading hours on Thursday, hitting $5.49. 3,019,046 shares of the stock were exchanged, compared to its average volume of 8,514,346. The firm's fifty day moving average price is $5.87 and its 200 day moving average price is $5.86. QuantumScape Co. has a 52-week low of $4.67 and a 52-week high of $10.03. The company has a market cap of $2.74 billion, a P/E ratio of -5.72 and a beta of 4.58. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter in the previous year, the business earned ($0.26) earnings per share. As a group, equities research analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

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.