QuantumScape Co. (NYSE:QS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in QuantumScape Co. (NYSE:QS) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 139,248 shares of the company’s stock after selling 14,713 shares during the period. Vontobel Holding Ltd.’s holdings in QuantumScape were worth $723,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings 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 purchasing an additional 133,000 shares during the period. Geode Capital Management LLC raised its holdings in QuantumScape by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock worth $33,671,000 after buying an additional 218,743 shares during the period. Weiss Asset Management LP acquired a new stake in QuantumScape during the 3rd quarter worth about $828,000. SG Americas Securities LLC grew its stake in QuantumScape by 127.0% during the 4th quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock valued at $1,062,000 after acquiring an additional 114,504 shares in the last quarter. Finally, Barclays PLC grew its stake in QuantumScape by 326.5% during the 3rd quarter. Barclays PLC now owns 104,333 shares of the company’s stock valued at $599,000 after acquiring an additional 79,871 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Performance

NYSE:QS opened at $5.22 on Thursday. The stock has a fifty day moving average price of $5.28 and a 200-day moving average price of $5.41. The company has a market cap of $2.67 billion, a price-to-earnings ratio of -5.55 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 fifty-two week low of $4.65 and a fifty-two week high of $9.52.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). As a group, equities analysts anticipate that QuantumScape Co. will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other QuantumScape news, Director Jagdeep Singh sold 308,097 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $5.30, for a total value of $1,632,914.10. Following the completion of the sale, the director now directly owns 2,563,767 shares of the company’s stock, valued at $13,587,965.10. This trade represents a 10.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin Hettrich sold 36,949 shares of QuantumScape stock in a transaction on Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the transaction, the chief financial officer now owns 1,024,325 shares of the company’s stock, valued at approximately $5,183,084.50. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 472,018 shares of company stock valued at $2,578,361 over the last 90 days. Company insiders own 12.03% of the company’s stock.

Analysts Set New Price Targets

QS has been the topic of a number of research reports. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Truist Financial reduced their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Evercore ISI cut their price objective on QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, QuantumScape has an average rating of “Hold” and a consensus target price of $6.06.

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.