Barclays PLC Increases Position in QuantumScape Co. (NYSE:QS)

Barclays PLC boosted its position in QuantumScape Co. (NYSE:QS) by 326.5% in the 3rd quarter, Holdings Channel reports. The fund owned 104,333 shares of the company’s stock after purchasing an additional 79,871 shares during the period. Barclays PLC’s holdings in QuantumScape were worth $599,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of QuantumScape in the second quarter valued at $1,950,000. American Century Companies Inc. boosted its stake in QuantumScape by 880.6% in the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after buying an additional 316,361 shares during the last quarter. Weiss Asset Management LP purchased a new stake in QuantumScape in the 3rd quarter valued at about $828,000. Nisa Investment Advisors LLC increased its stake in shares of QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after acquiring an additional 133,000 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of QuantumScape during the 2nd quarter worth about $644,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Price Performance

QS stock opened at $5.19 on Thursday. The firm has a market cap of $2.66 billion, a P/E ratio of -5.46 and a beta of 4.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape Co. has a 1 year low of $4.65 and a 1 year high of $10.03. The stock has a 50-day simple moving average of $5.18 and a 200-day simple moving average of $5.64.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the prior year, the business earned ($0.23) EPS. On average, equities analysts predict that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In related news, insider Michael O. Mccarthy III sold 27,305 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.07, for a total value of $138,436.35. Following the sale, the insider now directly owns 1,129,167 shares of the company’s stock, valued at $5,724,876.69. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the transaction, the insider now directly owns 1,092,020 shares of the company’s stock, valued at approximately $6,814,204.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 763,337 shares of company stock valued at $4,156,865. Corporate insiders own 12.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on QS shares. Truist Financial reaffirmed a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Wolfe Research started coverage on QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating for the company. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Hsbc Global Res raised QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.26.

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.