QuantumScape Co. (NYSE:QS) Holdings Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in shares of QuantumScape Co. (NYSE:QS) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,961 shares of the company’s stock after selling 6,851 shares during the quarter. Vontobel Holding Ltd.’s holdings in QuantumScape were worth $885,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CWM LLC increased its position in shares of QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. bought a new stake in shares of QuantumScape during the second quarter valued at approximately $36,000. Alaska Wealth Advisors bought a new stake in QuantumScape in the second quarter valued at $49,000. Centaurus Financial Inc. bought a new stake in QuantumScape in the second quarter valued at $52,000. Finally, Financial Advocates Investment Management bought a new stake in QuantumScape in the second quarter valued at $58,000. Institutional investors own 29.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wolfe Research assumed coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating on the stock. Truist Financial lowered their price target on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, QuantumScape currently has an average rating of “Hold” and a consensus price target of $5.94.

QuantumScape Trading Down 1.1 %

NYSE:QS opened at $5.28 on Monday. QuantumScape Co. has a 1-year low of $4.67 and a 1-year high of $10.03. The business’s 50-day moving average price is $5.69 and its two-hundred day moving average price is $5.82. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -5.50 and a beta of 4.58. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter in the previous year, the business earned ($0.26) earnings per share. On average, equities analysts expect that QuantumScape Co. will post -0.9 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Timothy Holme sold 44,306 shares of QuantumScape stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total transaction of $270,709.66. Following the completion of the sale, the chief technology officer now directly owns 1,168,496 shares of the company’s stock, valued at approximately $7,139,510.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CTO Timothy Holme sold 44,306 shares of QuantumScape stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Hettrich sold 58,000 shares of QuantumScape stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $5.78, for a total value of $335,240.00. Following the completion of the transaction, the chief financial officer now owns 1,073,022 shares in the company, valued at approximately $6,202,067.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,126,067 shares of company stock valued at $6,659,475. Insiders own 10.18% of the company’s stock.

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.