Barclays PLC Boosts Holdings in QuantumScape Co. (NYSE:QS)

Barclays PLC grew its position in QuantumScape Co. (NYSE:QS) by 326.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,333 shares of the company’s stock after purchasing an additional 79,871 shares during the quarter. Barclays PLC’s holdings in QuantumScape were worth $599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of QuantumScape by 880.6% during the second quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after acquiring an additional 316,361 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in QuantumScape in the 2nd quarter worth approximately $68,000. Vanguard Personalized Indexing Management LLC grew its position in QuantumScape by 41.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,877 shares of the company’s stock worth $127,000 after purchasing an additional 7,624 shares during the last quarter. Hsbc Holdings PLC increased its stake in QuantumScape by 36.0% during the 2nd quarter. Hsbc Holdings PLC now owns 16,737 shares of the company’s stock valued at $82,000 after purchasing an additional 4,433 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of QuantumScape in the second quarter worth $1,950,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on QS. Truist Financial reissued a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Finally, HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.26.

Insider Buying and Selling at QuantumScape

In other news, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the sale, the insider now directly owns 1,092,020 shares in the company, valued at $6,814,204.80. This trade represents a 8.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jagdeep Singh sold 5,531 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the completion of the transaction, the director now directly owns 2,590,583 shares of the company’s stock, valued at $12,978,820.83. The trade was a 0.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 536,460 shares of company stock valued at $2,903,619. 12.03% of the stock is owned by company insiders.

QuantumScape Trading Down 0.8 %

NYSE QS opened at $5.27 on Friday. The company has a fifty day moving average of $5.24 and a 200 day moving average of $5.70. The company has a market capitalization of $2.70 billion, a PE ratio of -5.54 and a beta of 4.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. QuantumScape Co. has a 1 year low of $4.65 and a 1 year high of $9.52.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the business earned ($0.23) earnings per share. Research analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current year.

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.