QuantumScape Co. (NYSE:QS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in shares of QuantumScape Co. (NYSE:QSFree Report) by 40.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,484 shares of the company’s stock after selling 9,927 shares during the quarter. Teacher Retirement System of Texas’ holdings in QuantumScape were worth $101,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QS. Spire Wealth Management grew its stake in QuantumScape by 39.0% during the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the last quarter. International Assets Investment Management LLC grew its stake in QuantumScape by 595.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after purchasing an additional 5,296 shares during the last quarter. C M Bidwell & Associates Ltd. grew its stake in QuantumScape by 37.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock valued at $45,000 after purchasing an additional 1,835 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in QuantumScape during the 4th quarter valued at about $73,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock valued at $77,000 after purchasing an additional 2,861 shares during the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Robert W. Baird boosted their price target on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. UBS Group lowered their target price on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Truist Financial lowered their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, QuantumScape has an average rating of “Hold” and a consensus price target of $6.09.

Check Out Our Latest Analysis on QuantumScape

Insider Buying and Selling at QuantumScape

In related news, CFO Kevin Hettrich sold 45,848 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $5.61, for a total value of $257,207.28. Following the completion of the sale, the chief financial officer now owns 1,145,821 shares of the company’s stock, valued at $6,428,055.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Michael O. Mccarthy III sold 22,554 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $5.72, for a total value of $129,008.88. Following the completion of the sale, the insider now owns 1,207,500 shares of the company’s stock, valued at $6,906,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kevin Hettrich sold 45,848 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $5.61, for a total value of $257,207.28. Following the completion of the sale, the chief financial officer now directly owns 1,145,821 shares of the company’s stock, valued at approximately $6,428,055.81. The disclosure for this sale can be found here. Insiders sold 137,616 shares of company stock valued at $810,152 over the last quarter. 10.18% of the stock is currently owned by insiders.

QuantumScape Stock Performance

NYSE QS opened at $6.00 on Friday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -6.25 and a beta of 4.74. QuantumScape Co. has a twelve month low of $4.92 and a twelve month high of $13.86. The company has a current ratio of 10.38, a quick ratio of 10.38 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $5.74 and a 200 day moving average of $6.40.

QuantumScape (NYSE:QSGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). Sell-side analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

QuantumScape Profile

(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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