Amundi Sells 20,614 Shares of QuantumScape Co. (NYSE:QS)

Amundi trimmed its position in shares of QuantumScape Co. (NYSE:QS) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,236 shares of the company’s stock after selling 20,614 shares during the period. Amundi’s holdings in QuantumScape were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QS. Heck Capital Advisors LLC bought a new position in shares of QuantumScape during the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its stake in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after buying an additional 4,556 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new position in QuantumScape during the 4th quarter valued at approximately $53,000. Empowered Funds LLC purchased a new position in QuantumScape during the 4th quarter valued at approximately $53,000. Finally, Essex Financial Services Inc. purchased a new position in QuantumScape during the 4th quarter valued at approximately $54,000. 29.87% of the stock is currently owned by institutional investors.

Insider Activity at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the sale, the insider now directly owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. The trade was a 8.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael O. Mccarthy III sold 76,315 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $399,127.45. Following the completion of the transaction, the insider now directly owns 1,010,523 shares of the company’s stock, valued at approximately $5,285,035.29. The trade was a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 277,452 shares of company stock worth $1,542,942 in the last quarter. 12.03% of the stock is owned by company insiders.

QuantumScape Price Performance

Shares of QuantumScape stock opened at $4.45 on Friday. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -4.73 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. The stock has a 50 day moving average price of $4.91 and a 200-day moving average price of $5.23. QuantumScape Co. has a one year low of $4.05 and a one year high of $9.52.

QuantumScape (NYSE:QS) last announced its 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). Equities analysts expect that QuantumScape Co. will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QS shares. Evercore ISI restated a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. Truist Financial cut their price target on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, QuantumScape has a consensus rating of “Hold” and a consensus target price 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.