Y Intercept Hong Kong Ltd Buys New Stake in QuantumScape Co. (NYSE:QS)

Y Intercept Hong Kong Ltd acquired a new stake in shares of QuantumScape Co. (NYSE:QS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 245,641 shares of the company's stock, valued at approximately $1,275,000.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock worth $776,000 after buying an additional 133,000 shares in the last quarter. Geode Capital Management LLC grew its position in shares of QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company's stock worth $33,671,000 after purchasing an additional 218,743 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of QuantumScape during the third quarter worth about $828,000. SG Americas Securities LLC grew its position in shares of QuantumScape by 127.0% during the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company's stock worth $1,062,000 after purchasing an additional 114,504 shares in the last quarter. Finally, Barclays PLC grew its position in shares of QuantumScape by 326.5% during the third quarter. Barclays PLC now owns 104,333 shares of the company's stock worth $599,000 after purchasing an additional 79,871 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Kevin Hettrich sold 29,667 shares of QuantumScape stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.10, for a total value of $151,301.70. Following the completion of the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at $5,224,057.50. The trade was a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the transaction, the director now owns 228,287 shares of the company's stock, valued at approximately $1,191,658.14. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 615,216 shares of company stock valued at $3,327,157 in the last quarter. 12.03% of the stock is currently owned by company insiders.

QuantumScape Stock Down 2.4 %

QS stock traded down $0.12 on Friday, hitting $4.69. 19,857,758 shares of the company's stock were exchanged, compared to its average volume of 15,495,463. QuantumScape Co. has a 12-month low of $4.58 and a 12-month high of $9.52. The firm has a 50 day moving average price of $5.28 and a two-hundred day moving average price of $5.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The stock has a market cap of $2.40 billion, a P/E ratio of -4.98 and a beta of 4.45.

QuantumScape (NYSE:QS - Get Free Report) last issued 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). As a group, equities research analysts expect that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a research note on Tuesday. Hsbc Global Res raised QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Finally, Truist Financial dropped their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, QuantumScape currently has an average rating of "Hold" and an average price target of $6.06.

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.