XTX Topco Ltd Has $524,000 Stock Holdings in QuantumScape Co. (NYSE:QS)

XTX Topco Ltd increased its stake in shares of QuantumScape Co. (NYSE:QS) by 25.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,019 shares of the company’s stock after acquiring an additional 20,374 shares during the period. XTX Topco Ltd’s holdings in QuantumScape were worth $524,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of QS. Norges Bank acquired a new stake in shares of QuantumScape in the 4th quarter valued at approximately $17,762,000. Vanguard Group Inc. increased its stake in shares of QuantumScape by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock worth $168,367,000 after purchasing an additional 956,072 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of QuantumScape by 1,091.5% in the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company’s stock valued at $2,244,000 after purchasing an additional 396,160 shares during the period. DnB Asset Management AS bought a new position in QuantumScape during the fourth quarter worth about $2,041,000. Finally, Raymond James Financial Inc. acquired a new position in QuantumScape during the fourth quarter worth approximately $1,527,000. 29.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on QuantumScape from $4.00 to $3.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. Evercore ISI reaffirmed a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. Truist Financial lowered their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, UBS Group cut QuantumScape from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, QuantumScape has an average rating of “Hold” and a consensus target price of $5.13.

QuantumScape Stock Performance

NYSE QS opened at $3.81 on Friday. QuantumScape Co. has a 12-month low of $3.40 and a 12-month high of $9.52. The firm has a 50-day moving average price of $4.39 and a two-hundred day moving average price of $4.96. The company has a market capitalization of $2.08 billion, a P/E ratio of -4.05 and a beta of 4.37. 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 data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Kevin Hettrich sold 36,949 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the transaction, the chief financial officer now owns 1,024,325 shares of the company’s stock, valued at approximately $5,183,084.50. This represents a 3.48 % 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, insider Michael O. Mccarthy III sold 76,315 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the sale, the insider now directly owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. This trade represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,147 shares of company stock valued at $935,758 over the last quarter. 12.03% of the stock is owned by company insiders.

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.