QuantumScape Co. (NYSE:QS) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of QuantumScape Co. (NYSE:QS - Free Report) by 6,650.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,000 shares of the company's stock after acquiring an additional 133,000 shares during the quarter. Nisa Investment Advisors LLC's holdings in QuantumScape were worth $776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of QS. Vanguard Group Inc. raised its holdings in QuantumScape by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company's stock valued at $191,750,000 after acquiring an additional 656,646 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in QuantumScape in the 2nd quarter valued at $1,950,000. American Century Companies Inc. boosted its stake in QuantumScape by 880.6% during the 2nd 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 period. DekaBank Deutsche Girozentrale acquired a new stake in shares of QuantumScape during the first quarter worth about $1,002,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of QuantumScape during the second quarter worth about $644,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Trading Up 2.4 %

Shares of NYSE QS traded up $0.12 on Tuesday, reaching $5.21. 6,546,829 shares of the company traded hands, compared to its average volume of 8,708,808. The stock has a market capitalization of $2.67 billion, a PE ratio of -5.38 and a beta of 4.60. QuantumScape Co. has a fifty-two week low of $4.67 and a fifty-two week high of $10.03. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $5.61 and a 200 day moving average of $5.79.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly 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 period in the previous year, the business earned ($0.23) EPS. On average, equities research analysts forecast that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QS. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on QuantumScape in a report on Thursday, September 5th. They issued an "underperform" rating for the company. Finally, Truist Financial reaffirmed a "hold" rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.14.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 192,270 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $5.50, for a total transaction of $1,057,485.00. Following the completion of the sale, the director now directly owns 2,809,253 shares in the company, valued at $15,450,891.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the sale, the chief financial officer now owns 1,073,022 shares in the company, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jagdeep Singh sold 192,270 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $5.50, for a total transaction of $1,057,485.00. Following the transaction, the director now owns 2,809,253 shares in the company, valued at $15,450,891.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 903,591 shares of company stock worth $5,195,582 in the last ninety days. Insiders own 12.03% of the company's stock.

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.