Quantbot Technologies LP Sells 19,060 Shares of QuantumScape Co. (NYSE:QS)

Quantbot Technologies LP cut its position in shares of QuantumScape Co. (NYSE:QS) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,755 shares of the company’s stock after selling 19,060 shares during the period. Quantbot Technologies LP’s holdings in QuantumScape were worth $1,032,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC lifted its position in QuantumScape by 382.9% during the fourth quarter. Virtu Financial LLC now owns 197,252 shares of the company’s stock valued at $1,024,000 after purchasing an additional 156,407 shares during the last quarter. Xponance Inc. lifted its holdings in shares of QuantumScape by 17.8% in the 4th quarter. Xponance Inc. now owns 15,862 shares of the company’s stock valued at $82,000 after acquiring an additional 2,400 shares during the last quarter. Commonwealth Equity Services LLC grew its position in QuantumScape by 9.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 481,916 shares of the company’s stock worth $2,501,000 after acquiring an additional 41,712 shares in the last quarter. Swiss National Bank increased its stake in QuantumScape by 2.2% during the fourth quarter. Swiss National Bank now owns 754,700 shares of the company’s stock worth $3,917,000 after acquiring an additional 16,500 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC raised its position in QuantumScape by 274.6% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 135,189 shares of the company’s stock valued at $702,000 after purchasing an additional 99,100 shares during the period. Hedge funds and other institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $4.70 on Wednesday. QuantumScape Co. has a 52 week low of $4.05 and a 52 week high of $9.52. The company has a market capitalization of $2.57 billion, a PE 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 quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). As a group, analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on QS shares. Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. Truist Financial cut their price objective on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have issued 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 $6.06.

Insider Activity

In other news, insider Mohit Singh sold 97,305 shares of the firm’s 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 transaction, the insider now owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. This trade represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Fritz Prinz sold 12,908 shares of the company’s 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 completion of the sale, the director now directly owns 228,287 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders sold 277,452 shares of company stock valued at $1,542,942. Corporate insiders own 12.03% of the company’s stock.

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.