QuantumScape Corporation $QS Shares Sold by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC reduced its stake in shares of QuantumScape Corporation (NYSE:QS) by 66.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,554 shares of the company’s stock after selling 73,974 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in QuantumScape were worth $463,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QS. Tsfg LLC grew its position in QuantumScape by 233.3% in the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,400 shares in the last quarter. REAP Financial Group LLC raised its position in shares of QuantumScape by 300.0% during the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,500 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of QuantumScape by 685.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after buying an additional 3,311 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of QuantumScape by 538.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock worth $28,000 after acquiring an additional 1,950 shares during the period. Finally, VSM Wealth Advisory LLC lifted its stake in shares of QuantumScape by 46.8% in the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Jeffrey B. Straubel sold 157,171 shares of QuantumScape stock in a transaction on Friday, December 19th. The stock was sold at an average price of $11.38, for a total value of $1,788,605.98. Following the transaction, the director directly owned 266,828 shares in the company, valued at $3,036,502.64. The trade was a 37.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dipender Saluja sold 2,613,121 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $11.01, for a total value of $28,770,462.21. Following the sale, the director directly owned 9,892,934 shares in the company, valued at $108,921,203.34. This trade represents a 20.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,497,048 shares of company stock worth $36,719,803 over the last three months. Corporate insiders own 5.48% of the company’s stock.

QuantumScape Stock Down 1.4%

NYSE QS opened at $6.90 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The company’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $11.28. QuantumScape Corporation has a 12 month low of $3.40 and a 12 month high of $19.07. The company has a market capitalization of $4.23 billion, a P/E ratio of -8.52 and a beta of 2.51.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.22) EPS. Equities research analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal 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.