XTX Topco Ltd Invests $464,000 in QuantumScape Co. (NYSE:QS)

XTX Topco Ltd purchased a new position in shares of QuantumScape Co. (NYSE:QS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 80,645 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds also recently modified their holdings of QS. CWM LLC lifted its holdings in shares of QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after purchasing an additional 2,556 shares during the period. SG Americas Securities LLC lifted its holdings in QuantumScape by 49.0% in the second quarter. SG Americas Securities LLC now owns 111,989 shares of the company’s stock valued at $551,000 after buying an additional 36,831 shares during the period. Alaska Wealth Advisors acquired a new position in QuantumScape in the second quarter valued at $49,000. Private Advisory Group LLC lifted its holdings in QuantumScape by 7.2% in the second quarter. Private Advisory Group LLC now owns 570,704 shares of the company’s stock valued at $2,808,000 after buying an additional 38,477 shares during the period. Finally, JB Capital LLC acquired a new position in QuantumScape in the second quarter valued at $93,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Trading Down 0.8 %

NYSE:QS opened at $4.89 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The firm has a 50-day moving average of $5.21 and a 200-day moving average of $5.67. The company has a market cap of $2.51 billion, a PE ratio of -5.15 and a beta of 4.50. QuantumScape Co. has a one year low of $4.65 and a one year high of $10.03.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the company earned ($0.23) EPS. As a group, equities research analysts expect that QuantumScape Co. will post -0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on QS shares. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Wolfe Research began coverage on shares of QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating on the stock. Truist Financial reiterated a “hold” rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.26.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 308,097 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $5.30, for a total value of $1,632,914.10. Following the completion of the sale, the director now directly owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. This represents a 10.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43. Following the completion of the sale, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at $5,890,890.78. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 858,302 shares of company stock valued at $4,701,379 over the last three months. Corporate insiders own 12.03% of the company’s stock.

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.