Several institutional investors have adjusted their QuantumScape holdings recently. KBC Group NV increased its stake by 34.7% in Q4, owning 25,593 shares worth $178,000 after buying 6,588 additional shares. The Board of Trustees of Stanford University raised its holdings by 5.2% to 2,610,677 shares, valued at $18,144,000 after acquiring 129,239 shares. HarbourVest Partners LLC increased its stake by 10.4% to 78,903 shares, worth $548,000 after buying 7,404 shares. Clarity Capital Partners LLC bought a new stake valued at $374,000. Vanguard Group Inc. raised its position by 2.7%, holding 29,828,269 shares worth $207,306,000 after an additional purchase of 796,723 shares. Institutional investors own 29.87% of the stock.
Analyst Opinions
Brokerages have recently analyzed QuantumScape’s stock. Wolfe Research began coverage and rated it “underperform.” Truist Financial maintained a “hold” rating with a price target of $7.00 (up from $6.00). Deutsche Bank also kept a “hold” rating with a $6.00 target. Overall, there are two sell ratings and five hold ratings, leading to an average rating of “Hold” with a consensus price target of $6.14.
QuantumScape Stock Performance
QuantumScape shares opened at $5.57 on Tuesday. The stock has a market cap of $2.78 billion, a PE ratio of -5.80, and a beta of 4.58. The stock’s 52-week low is $4.67 and the high is $10.03. The company has reported a quarterly loss of ($0.25) per share, missing expectations. Analysts predict an EPS of -0.9 for the year.
Insider Transactions
CTO Timothy Holme sold 44,306 shares on August 21 at an average price of $6.11, totaling $270,709.66. He now owns 1,168,496 shares worth $7,139,510.56. Additionally, insider Mohit Singh sold 173,224 shares on July 11 for $1,219,496.96. Insiders have sold 1,072,414 shares worth $6,625,726 over the past three months, with 10.18% of the stock owned by insiders.
Company Overview
QuantumScape develops solid-state lithium-metal batteries for electric vehicles and was founded in 2010, based in San Jose, California.
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