2,756,620 Shares in QuantumScape Corporation $QS Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of QuantumScape Corporation (NYSE:QS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,756,620 shares of the company’s stock, valued at approximately $33,962,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.46% of QuantumScape as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Tsfg LLC boosted its position in shares of QuantumScape by 233.3% during the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,400 shares during the last quarter. REAP Financial Group LLC grew its holdings in shares of QuantumScape by 300.0% during the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,500 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of QuantumScape by 538.7% in the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock worth $28,000 after purchasing an additional 1,950 shares during the last quarter. VSM Wealth Advisory LLC increased its position in shares of QuantumScape by 46.8% in the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in QuantumScape by 67.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock valued at $31,000 after purchasing an additional 1,005 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QS. Morgan Stanley cut their price target on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Evercore restated an “in-line” rating and set a $12.00 price objective (up from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and cut their target price for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price target on QuantumScape in a research report on Thursday, February 12th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, QuantumScape presently has an average rating of “Reduce” and an average price target of $8.98.

Insider Buying and Selling

In other news, Director Jeffrey B. Straubel sold 157,171 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $11.38, for a total value of $1,788,605.98. Following the transaction, the director owned 266,828 shares in the company, valued at approximately $3,036,502.64. This trade represents a 37.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Timothy Holme sold 166,440 shares of QuantumScape stock in a transaction on Monday, January 5th. The stock was sold at an average price of $11.28, for a total transaction of $1,877,443.20. Following the completion of the transaction, the chief technology officer directly owned 1,251,383 shares in the company, valued at approximately $14,115,600.24. The trade was a 11.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,497,048 shares of company stock valued at $36,719,803 over the last quarter. Company insiders own 5.48% of the company’s stock.

QuantumScape Stock Performance

NYSE QS opened at $6.90 on Friday. The company has a 50-day simple moving average of $8.77 and a two-hundred day simple moving average of $11.28. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a 12-month low of $3.40 and a 12-month high of $19.07. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of -8.52 and a beta of 2.51.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, February 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) earnings per share. On average, equities analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current year.

QuantumScape Profile

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.