Virtu Financial LLC Raises Stock Holdings in QuantumScape Co. (NYSE:QS)

Virtu Financial LLC raised its position in shares of QuantumScape Co. (NYSE:QS) by 382.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,252 shares of the company’s stock after purchasing an additional 156,407 shares during the period. Virtu Financial LLC’s holdings in QuantumScape were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of QS. Moors & Cabot Inc. bought a new position in QuantumScape during the third quarter valued at $80,000. Charles Schwab Investment Management Inc. grew its holdings in QuantumScape by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company’s stock valued at $12,806,000 after purchasing an additional 93,826 shares during the period. Nwam LLC bought a new position in QuantumScape during the third quarter valued at $64,000. FMR LLC grew its holdings in QuantumScape by 74.9% during the third quarter. FMR LLC now owns 14,070 shares of the company’s stock valued at $81,000 after purchasing an additional 6,026 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in QuantumScape by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company’s stock valued at $6,785,000 after purchasing an additional 94,103 shares during the period. 29.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial reduced their price objective on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th. Evercore ISI reiterated a “hold” rating on shares of QuantumScape in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.06.

QuantumScape Trading Up 2.0 %

Shares of QuantumScape stock opened at $4.54 on Monday. QuantumScape Co. has a 12-month low of $4.05 and a 12-month high of $9.52. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -4.83 and a beta of 4.45. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $4.89 and its 200-day moving average price is $5.22.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). On average, equities analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In related news, insider Michael O. Mccarthy III sold 76,315 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the sale, the insider now directly owns 1,010,523 shares of the company’s stock, valued at $5,285,035.29. This trade represents a 7.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the sale, the insider now directly owns 1,092,020 shares in the company, valued at $6,814,204.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 277,452 shares of company stock valued at $1,542,942 over the last three months. 12.03% of the stock is owned by corporate insiders.

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.