Vontobel Holding Ltd. Has $806,000 Stake in QuantumScape Corporation $QS

Vontobel Holding Ltd. cut its position in shares of QuantumScape Corporation (NYSE:QSFree Report) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,943 shares of the company’s stock after selling 8,632 shares during the period. Vontobel Holding Ltd.’s holdings in QuantumScape were worth $806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of QuantumScape by 9.0% in the first quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company’s stock valued at $147,064,000 after purchasing an additional 2,911,362 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of QuantumScape by 456.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after acquiring an additional 3,904,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of QuantumScape by 21.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961,052 shares of the company’s stock worth $3,998,000 after buying an additional 170,173 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of QuantumScape by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 941,148 shares of the company’s stock worth $3,915,000 after acquiring an additional 19,764 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in QuantumScape by 252.6% in the 1st quarter. Quantbot Technologies LP now owns 700,898 shares of the company’s stock valued at $2,916,000 after purchasing an additional 502,143 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Price Performance

Shares of NYSE:QS opened at $17.02 on Tuesday. QuantumScape Corporation has a twelve month low of $3.40 and a twelve month high of $17.79. The firm has a market capitalization of $9.64 billion, a PE ratio of -19.79 and a beta of 4.85. The company has a quick ratio of 16.40, a current ratio of 16.40 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $10.59 and a two-hundred day moving average price of $7.43.

QuantumScape (NYSE:QSGet Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.20). The business had revenue of $36.67 million during the quarter. During the same period last year, the company earned ($0.25) EPS. Equities analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current year.

Insider Activity

In other QuantumScape news, CTO Timothy Holme sold 176,352 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $7.55, for a total value of $1,331,457.60. Following the completion of the transaction, the chief technology officer directly owned 1,445,304 shares of the company’s stock, valued at $10,912,045.20. This trade represents a 10.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael O. Mccarthy III sold 500,000 shares of QuantumScape stock in a transaction on Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $5,800,000.00. Following the sale, the insider directly owned 1,467,183 shares of the company’s stock, valued at $17,019,322.80. This represents a 25.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,327,870 shares of company stock valued at $26,819,135 over the last ninety days. 5.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on QS. TD Cowen raised shares of QuantumScape to a “hold” rating in a research note on Monday, July 7th. Robert W. Baird boosted their price objective on QuantumScape from $6.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a report on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $5.88.

Check Out Our Latest Report on QuantumScape

About QuantumScape

(Free Report)

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.

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Institutional Ownership by Quarter for QuantumScape (NYSE:QS)

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