QuantumScape Co. (NYSE:QS) Stock Holdings Lessened by Two Sigma Investments LP

Two Sigma Investments LP lessened its holdings in shares of QuantumScape Co. (NYSE:QS) by 81.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,083 shares of the company’s stock after selling 137,744 shares during the period. Two Sigma Investments LP’s holdings in QuantumScape were worth $167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Raiffeisen Bank International AG acquired a new stake in QuantumScape in the fourth quarter worth approximately $29,000. Atlas Legacy Advisors LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at $53,000. Empowered Funds LLC bought a new position in QuantumScape during the fourth quarter valued at about $53,000. Essex Financial Services Inc. acquired a new position in QuantumScape during the fourth quarter worth about $54,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in QuantumScape in the fourth quarter worth about $57,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Insider Activity at QuantumScape

In other news, Director Fritz Prinz sold 61,523 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $3.94, for a total value of $242,400.62. Following the completion of the transaction, the director now owns 231,530 shares of the company’s stock, valued at $912,228.20. The trade was a 20.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mohit Singh sold 71,428 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $4.41, for a total value of $314,997.48. Following the transaction, the insider now owns 1,640,998 shares of the company’s stock, valued at approximately $7,236,801.18. This trade represents a 4.17% decrease in their position. The disclosure for this sale can be found here. 12.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of QuantumScape from $3.00 to $2.50 and set a “sell” rating on the stock in a research report on Monday, April 28th. Evercore ISI restated a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. Truist Financial cut their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Robert W. Baird reduced their target price on QuantumScape from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, UBS Group cut QuantumScape from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $5.00 to $2.50 in a research note on Thursday, April 10th. Three investment analysts have 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 price target of $5.19.

QuantumScape Stock Performance

Shares of NYSE:QS opened at $4.48 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The business’s fifty day moving average price is $4.01 and its two-hundred day moving average price is $4.64. QuantumScape Co. has a fifty-two week low of $3.40 and a fifty-two week high of $9.52. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of -4.77 and a beta of 4.27.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). During the same quarter in the prior year, the company posted ($0.24) EPS. As a group, analysts predict that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

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.