Charles Schwab Investment Management Inc. Has $12.10 Million Stock Position in QuantumScape Co. (NYSE:QS)

Charles Schwab Investment Management Inc. increased its holdings in QuantumScape Co. (NYSE:QS) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,331,966 shares of the company’s stock after acquiring an additional 104,894 shares during the period. Charles Schwab Investment Management Inc. owned about 0.46% of QuantumScape worth $12,103,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape in the 4th quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after acquiring an additional 4,556 shares during the period. Atlas Legacy Advisors LLC purchased a new position in QuantumScape in the fourth quarter worth $53,000. Empowered Funds LLC bought a new position in QuantumScape in the 4th quarter valued at $53,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of QuantumScape during the 4th quarter valued at $54,000. Institutional investors own 29.87% of the company’s stock.

Insiders Place Their Bets

In other QuantumScape news, insider Mohit Singh sold 97,305 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the transaction, the insider now owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 277,452 shares of company stock valued at $1,542,942 over the last 90 days. Insiders own 12.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial dropped their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, QuantumScape has a consensus rating of “Hold” and a consensus price target of $6.06.

QuantumScape Stock Performance

NYSE:QS opened at $4.54 on Friday. The stock has a market cap of $2.48 billion, a P/E ratio of -4.83 and a beta of 4.45. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $4.89 and its two-hundred day moving average price is $5.22. QuantumScape Co. has a twelve month low of $4.05 and a twelve month high of $9.52.

QuantumScape (NYSE:QS) 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 analysts predict that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

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.