EntryPoint Capital LLC Purchases Shares of 52,648 QuantumScape Co. (NYSE:QS)

EntryPoint Capital LLC purchased a new position in QuantumScape Co. (NYSE:QS) during the 4th quarter, HoldingsChannel reports. The fund purchased 52,648 shares of the company’s stock, valued at approximately $273,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in QuantumScape by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock valued at $168,367,000 after purchasing an additional 956,072 shares in the last quarter. Fox Run Management L.L.C. increased its holdings in shares of QuantumScape by 143.8% in the 4th quarter. Fox Run Management L.L.C. now owns 31,477 shares of the company’s stock worth $163,000 after buying an additional 18,564 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of QuantumScape during the 4th quarter valued at $403,000. American Century Companies Inc. lifted its holdings in shares of QuantumScape by 1,091.5% during the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company’s stock worth $2,244,000 after acquiring an additional 396,160 shares during the last quarter. Finally, Virtu Financial LLC grew its position in QuantumScape by 382.9% in the fourth quarter. Virtu Financial LLC now owns 197,252 shares of the company’s stock worth $1,024,000 after acquiring an additional 156,407 shares in the last quarter. Institutional investors own 29.87% of the company’s stock.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the sale, the director now owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael O. Mccarthy III sold 76,315 shares of QuantumScape stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $399,127.45. Following the completion of the sale, the insider now directly owns 1,010,523 shares of the company’s stock, valued at $5,285,035.29. The trade was a 7.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,147 shares of company stock valued at $935,758 in the last quarter. 12.03% of the stock is owned by insiders.

Analysts Set New Price Targets

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

QuantumScape Stock Down 4.5 %

Shares of NYSE:QS opened at $4.32 on Friday. The firm has a market capitalization of $2.36 billion, a P/E ratio of -4.59 and a beta of 4.45. The stock has a 50 day moving average price of $4.81 and a 200-day moving average price of $5.19. QuantumScape Co. has a 52-week low of $4.05 and a 52-week high of $9.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

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

QuantumScape 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.