10,000 Shares in QuantumScape Corporation $QS Acquired by SWP Financial LLC

SWP Financial LLC bought a new position in shares of QuantumScape Corporation (NYSE:QS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $67,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of QuantumScape by 9.0% during the first quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company’s stock worth $147,064,000 after purchasing an additional 2,911,362 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in QuantumScape by 456.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after purchasing an additional 3,904,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in QuantumScape by 21.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961,052 shares of the company’s stock worth $3,998,000 after buying an additional 170,173 shares during the period. Bank of New York Mellon Corp grew its position in shares of QuantumScape by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 941,148 shares of the company’s stock valued at $3,915,000 after buying an additional 19,764 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of QuantumScape by 252.6% in the 1st quarter. Quantbot Technologies LP now owns 700,898 shares of the company’s stock valued at $2,916,000 after buying an additional 502,143 shares during the last quarter. Institutional investors own 29.87% of the company’s stock.

Insider Buying and Selling

In other QuantumScape news, insider Michael O. Mccarthy III sold 38,035 shares of QuantumScape stock in a transaction on Friday, September 12th. The shares were sold at an average price of $9.13, for a total value of $347,259.55. Following the completion of the sale, the insider directly owned 1,397,382 shares of the company’s stock, valued at approximately $12,758,097.66. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey B. Straubel sold 157,180 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $9.20, for a total transaction of $1,446,056.00. Following the transaction, the director owned 348,146 shares in the company, valued at $3,202,943.20. This represents a 31.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,791,051 shares of company stock worth $34,696,538 over the last ninety days. 5.48% of the stock is owned by company insiders.

QuantumScape Stock Down 0.5%

Shares of QuantumScape stock opened at $12.32 on Wednesday. The stock’s 50-day moving average is $9.67 and its 200 day moving average is $6.74. QuantumScape Corporation has a one year low of $3.40 and a one year high of $15.03. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of -14.32 and a beta of 4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 16.40 and a quick ratio of 16.40.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.20). The business had revenue of $36.67 million during the quarter. During the same period in the prior year, the firm posted ($0.25) EPS. Equities research analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current year.

Analysts Set New Price Targets

QS has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on QuantumScape from $6.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. TD Cowen upgraded shares of QuantumScape to a “hold” rating in a report on Monday, July 7th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $5.88.

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.