Swiss National Bank Purchases 16,500 Shares of QuantumScape Co. (NYSE:QS)

Swiss National Bank raised its stake in QuantumScape Co. (NYSE:QS) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 754,700 shares of the company’s stock after purchasing an additional 16,500 shares during the quarter. Swiss National Bank owned 0.15% of QuantumScape worth $3,917,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QS. Charles Schwab Investment Management Inc. increased its holdings in shares of QuantumScape by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company’s stock worth $12,806,000 after purchasing an additional 93,826 shares in the last quarter. Nwam LLC bought a new position in shares of QuantumScape during the 3rd quarter valued at approximately $64,000. FMR LLC grew its stake in shares of QuantumScape by 74.9% during the third quarter. FMR LLC now owns 14,070 shares of the company’s stock valued at $81,000 after buying an additional 6,026 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in QuantumScape by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company’s stock valued at $6,785,000 after buying an additional 94,103 shares during the period. Finally, Atom Investors LP bought a new position in shares of QuantumScape during the 3rd quarter worth $60,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

QS has been the topic of several research analyst reports. Truist Financial dropped their target price on 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 reaffirmed a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, QuantumScape presently has a consensus rating of “Hold” and an average target price of $6.06.

Insider Activity at QuantumScape

In related news, CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $282,289.25. Following the transaction, the chief financial officer now owns 930,800 shares of the company’s stock, valued at $4,868,084. This represents a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now directly owns 228,287 shares of the company’s stock, valued at $1,191,658.14. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 277,452 shares of company stock worth $1,542,942. Insiders own 12.03% of the company’s stock.

QuantumScape Stock Performance

NYSE QS opened at $4.70 on Wednesday. QuantumScape Co. has a fifty-two week low of $4.05 and a fifty-two week high of $9.52. The firm has a market capitalization of $2.57 billion, a P/E ratio of -5.00 and a beta of 4.45. The stock’s fifty day moving average is $4.86 and its two-hundred day moving average is $5.21. 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 (NYSE:QS) last posted its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, research analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current 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.