Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in QuantumScape Corporation (NYSE:QS)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in QuantumScape Corporation (NYSE:QS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,900 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC grew its position in shares of QuantumScape by 2,086.1% in the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company’s stock worth $25,000 after buying an additional 5,841 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of QuantumScape in the 4th quarter worth about $26,000. Hollencrest Capital Management grew its position in shares of QuantumScape by 333.3% in the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company’s stock worth $27,000 after buying an additional 5,000 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of QuantumScape in the 4th quarter worth about $29,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of QuantumScape in the 1st quarter worth about $52,000. 29.87% of the stock is currently owned by institutional investors.

Insider Activity at QuantumScape

In other news, insider Mohit Singh sold 465,000 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total transaction of $3,817,650.00. Following the sale, the insider owned 1,641,711 shares of the company’s stock, valued at $13,478,447.31. This trade represents a 22.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Timothy Holme sold 11,906 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $7.02, for a total transaction of $83,580.12. Following the sale, the chief technology officer directly owned 1,661,928 shares in the company, valued at approximately $11,666,734.56. The trade was a 0.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,089,468 shares of company stock worth $35,534,411. 12.03% of the stock is owned by insiders.

QuantumScape Stock Performance

Shares of QS stock opened at $8.72 on Wednesday. The company’s 50-day moving average is $7.36 and its 200 day moving average is $5.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.40 and a current ratio of 16.40. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of -10.14 and a beta of 4.43. QuantumScape Corporation has a one year low of $3.40 and a one year high of $15.03.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.20). The company had revenue of $36.67 million for the quarter. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. Sell-side analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their target price 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. UBS Group downgraded shares of QuantumScape from a “neutral” rating to a “sell” rating and cut their price objective for the company from $5.00 to $2.50 in a research report on Thursday, April 10th. TD Cowen raised shares of QuantumScape to a “hold” rating in a research report on Monday, July 7th. Finally, Robert W. Baird increased their price objective on shares of QuantumScape from $6.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, QuantumScape currently has an average rating of “Hold” and a consensus target price of $5.90.

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.