Treasurer of the State of North Carolina Purchases 3,530 Shares of QuantumScape Co. (NYSE:QS)

Treasurer of the State of North Carolina lifted its holdings in QuantumScape Co. (NYSE:QS – Get Rating) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 111,893 shares of the company’s stock after purchasing an additional 3,530 shares during the period. Treasurer of the State of North Carolina’s holdings in QuantumScape were worth $634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QS. Signaturefd LLC boosted its holdings in shares of QuantumScape by 327.6% in the fourth quarter. Signaturefd LLC now owns 5,148 shares of the company’s stock valued at $29,000 after purchasing an additional 3,944 shares during the period. Bray Capital Advisors purchased a new stake in shares of QuantumScape in the 3rd quarter worth $47,000. CWM LLC grew its position in shares of QuantumScape by 41.6% during the 4th quarter. CWM LLC now owns 5,843 shares of the company’s stock worth $33,000 after buying an additional 1,718 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of QuantumScape during the first quarter valued at $120,000. Finally, IFP Advisors Inc increased its stake in shares of QuantumScape by 34.6% during the third quarter. IFP Advisors Inc now owns 6,223 shares of the company’s stock valued at $233,000 after buying an additional 1,600 shares during the period. 26.09% of the stock is owned by institutional investors.

QuantumScape Stock Down 2.4 %

Shares of QuantumScape stock opened at $6.04 on Monday. QuantumScape Co. has a one year low of $5.11 and a one year high of $13.86. The company has a current ratio of 22.85, a quick ratio of 22.85 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $7.13 and a two-hundred day simple moving average of $7.45.

QuantumScape (NYSE:QS – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). During the same period in the previous year, the business earned ($0.21) earnings per share. On average, equities research analysts forecast that QuantumScape Co. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on QS shares. Morgan Stanley dropped their target price on shares of QuantumScape from $4.00 to $3.00 and set an “underweight” rating on the stock in a report on Wednesday, January 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of QuantumScape from $10.00 to $8.00 in a report on Friday, April 28th. Finally, The Goldman Sachs Group lowered their target price on QuantumScape from $5.00 to $4.00 and set a “sell” rating for the company in a report on Wednesday, April 12th.

Insider Transactions at QuantumScape

In other QuantumScape news, CEO Jagdeep Singh sold 478,747 shares of QuantumScape stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $9.03, for a total transaction of $4,323,085.41. Following the completion of the sale, the chief executive officer now owns 970,877 shares of the company’s stock, valued at approximately $8,767,019.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other QuantumScape news, CEO Jagdeep Singh sold 478,747 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $9.03, for a total transaction of $4,323,085.41. Following the completion of the transaction, the chief executive officer now directly owns 970,877 shares of the company’s stock, valued at approximately $8,767,019.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mohit Singh sold 8,500 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $9.94, for a total transaction of $84,490.00. Following the completion of the sale, the insider now directly owns 628,039 shares in the company, valued at $6,242,707.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,207,699 shares of company stock worth $10,477,936. Company insiders own 13.73% of the company’s stock.

About QuantumScape

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QuantumScape Corporation, a 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.