Exchange Traded Concepts LLC Acquires New Shares in QuantumScape Corporation $QS

Exchange Traded Concepts LLC acquired a new position in shares of QuantumScape Corporation (NYSE:QS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 429,473 shares of the company’s stock, valued at approximately $4,475,000. Exchange Traded Concepts LLC owned 0.07% of QuantumScape at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of QuantumScape by 685.5% in the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after acquiring an additional 3,311 shares in the last quarter. Tsfg LLC lifted its holdings in shares of QuantumScape by 233.3% during the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,400 shares in the last quarter. REAP Financial Group LLC grew its position in shares of QuantumScape by 300.0% in the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares during the period. Global Retirement Partners LLC grew its position in shares of QuantumScape by 538.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after purchasing an additional 1,950 shares during the period. Finally, VSM Wealth Advisory LLC increased its stake in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.

Insider Transactions at QuantumScape

In related news, Director Jeffrey B. Straubel sold 27,106 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $7.10, for a total transaction of $192,452.60. Following the completion of the transaction, the director owned 212,616 shares in the company, valued at approximately $1,509,573.60. This represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Timothy Holme sold 166,440 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $11.28, for a total transaction of $1,877,443.20. Following the completion of the transaction, the chief technology officer directly owned 1,251,383 shares of the company’s stock, valued at approximately $14,115,600.24. This trade represents a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 716,956 shares of company stock valued at $6,052,249 in the last ninety days. 5.48% of the stock is currently owned by corporate insiders.

QuantumScape Stock Down 4.8%

NYSE:QS opened at $5.96 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The company has a market cap of $3.65 billion, a PE ratio of -7.36 and a beta of 2.51. QuantumScape Corporation has a 52-week low of $3.40 and a 52-week high of $19.07. The stock has a 50-day simple moving average of $7.78 and a 200 day simple moving average of $11.20.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned ($0.22) earnings per share. On average, sell-side analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on QS. Robert W. Baird set a $12.00 target price on shares of QuantumScape in a report on Thursday, February 12th. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and lowered their price objective for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Finally, Morgan Stanley cut their price objective on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $8.98.

QuantumScape Profile

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.