QuantumScape Co. (NYSE:QS) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC raised its stake in QuantumScape Co. (NYSE:QS - Free Report) by 382.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,252 shares of the company's stock after buying an additional 156,407 shares during the period. Virtu Financial LLC's holdings in QuantumScape were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Xponance Inc. grew its position in shares of QuantumScape by 17.8% during the 4th quarter. Xponance Inc. now owns 15,862 shares of the company's stock worth $82,000 after buying an additional 2,400 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in QuantumScape by 9.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 481,916 shares of the company's stock worth $2,501,000 after acquiring an additional 41,712 shares during the period. Swiss National Bank grew its holdings in QuantumScape by 2.2% during the 4th quarter. Swiss National Bank now owns 754,700 shares of the company's stock worth $3,917,000 after acquiring an additional 16,500 shares in the last quarter. Oak Harbor Wealth Partners LLC increased its position in QuantumScape by 274.6% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 135,189 shares of the company's stock valued at $702,000 after purchasing an additional 99,100 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of QuantumScape in the 4th quarter valued at about $1,527,000. 29.87% of the stock is currently owned by institutional investors.

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QuantumScape Stock Down 1.0 %

QS traded down $0.05 during trading on Thursday, hitting $4.53. The stock had a trading volume of 8,179,848 shares, compared to its average volume of 10,419,243. The stock has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $5.20. The company has a market capitalization of $2.47 billion, a PE ratio of -4.81 and a beta of 4.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape Co. has a twelve month low of $4.05 and a twelve month high of $9.52.

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Fritz Prinz sold 12,908 shares of the 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 owns 228,287 shares in the company, valued at approximately $1,191,658.14. This represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction that occurred on 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 of the company's stock, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 277,452 shares of company stock valued at $1,542,942 over the last ninety days. 12.03% of the stock is currently owned by insiders.

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.