Vanguard Group Inc. Grows Stock Holdings in QuantumScape Corporation $QS

Vanguard Group Inc. raised its position in shares of QuantumScape Corporation (NYSE:QS) by 11.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,959,061 shares of the company’s stock after buying an additional 4,323,829 shares during the period. Vanguard Group Inc. owned approximately 0.07% of QuantumScape worth $426,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. raised its stake in shares of QuantumScape by 2,435.8% in the fourth quarter. Rakuten Securities Inc. now owns 10,143 shares of the company’s stock valued at $106,000 after acquiring an additional 9,743 shares in the last quarter. West Michigan Advisors LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at $408,000. M&T Bank Corp raised its stake in shares of QuantumScape by 69.6% in the fourth quarter. M&T Bank Corp now owns 33,491 shares of the company’s stock valued at $349,000 after acquiring an additional 13,744 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of QuantumScape by 60.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,350 shares of the company’s stock valued at $327,000 after acquiring an additional 11,820 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of QuantumScape by 6.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,328 shares of the company’s stock valued at $1,045,000 after acquiring an additional 6,066 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Stock Up 9.5%

QuantumScape stock opened at $7.95 on Thursday. QuantumScape Corporation has a 1-year low of $3.80 and a 1-year high of $19.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The stock has a market cap of $4.89 billion, a PE ratio of -9.81 and a beta of 2.57. The stock’s fifty day moving average is $6.82 and its two-hundred day moving average is $9.98.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same period last year, the firm earned ($0.21) earnings per share. On average, sell-side analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey B. Straubel sold 27,106 shares of QuantumScape stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $6.17, for a total transaction of $167,244.02. Following the sale, the director owned 158,404 shares in the company, valued at approximately $977,352.68. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael O. Mccarthy III sold 45,000 shares of QuantumScape stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.73, for a total value of $302,850.00. Following the sale, the insider owned 954,219 shares in the company, valued at $6,421,893.87. This trade represents a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 666,925 shares of company stock valued at $4,483,577 in the last three months. Corporate insiders own 5.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QS. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and reduced their price objective for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. Robert W. Baird set a $12.00 price objective on QuantumScape in a research note on Thursday, February 12th. Morgan Stanley reduced their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Finally, TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QuantumScape presently has a consensus rating of “Reduce” and a consensus price target of $11.13.

QuantumScape Profile

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.