Several institutional investors have adjusted their shares in QuantumScape. KBC Group NV increased its holdings by 34.7% in Q4, owning 25,593 shares valued at $178,000 after buying 6,588 shares. The Board of Trustees of The Leland Stanford Junior University raised its stake by 5.2%, now holding 2,610,677 shares worth $18,144,000 following an acquisition of 129,239 shares. HarbourVest Partners LLC boosted its stake by 10.4%, now owning 78,903 shares valued at $548,000. Clarity Capital Partners LLC purchased new shares worth $374,000. Vanguard Group Inc. grew its position by 2.7%, holding 29,828,269 shares valued at $207,306,000 after buying 796,723 shares. Collectively, institutional investors own 29.87% of the stock.
Analyst Ratings
Brokerages have recently analyzed QuantumScape’s stock. Wolfe Research assigned an “underperform” rating. Truist Financial maintained a “hold” rating with a price target of $7.00 (up from $6.00). Deutsche Bank also reaffirmed a “hold” rating with a $6.00 target. Two analysts rated the stock as a sell, and five gave a hold rating. The average rating is “Hold” with a consensus price target of $6.14.
Get Our Latest Analysis on QuantumScape
QuantumScape Stock Performance
QuantumScape shares opened at $5.57 on Tuesday, with a 50-day average of $5.82 and a 200-day average of $5.86. The company holds a market cap of $2.78 billion, a PE ratio of -5.80, and a beta of 4.58. The stock reached a 52-week low of $4.67 and a high of $10.03. They have minimal debt with a debt-to-equity ratio of 0.03. QuantumScape reported a quarterly loss of ($0.25) per share, missing estimates of ($0.22). Analysts expect a yearly EPS of -0.9.
Insider Trading
Recently, CTO Timothy Holme sold 44,306 shares at $6.11, totaling $270,709.66, retaining 1,168,496 shares valued at $7,139,510.56. Insider Mohit Singh sold 173,224 shares at $7.04 for a total of $1,219,496.96, now holding 1,196,905 shares valued at about $8,426,211.20. In the last three months, insiders sold 1,072,414 shares worth $6,625,726, with 10.18% of the stock owned by insiders.
Company Overview
QuantumScape Corporation focuses on developing solid-state lithium-metal batteries for electric vehicles and other uses. Founded in 2010, it is based in San Jose, California.
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