QuantumScape Co. (NYSE:QS) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in QuantumScape Co. (NYSE:QS) by 4.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 83,867 shares of the company’s stock after buying an additional 3,527 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in QuantumScape were worth $413,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of QS. Mirae Asset Global Investments Co. Ltd. increased its stake in QuantumScape by 240.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,256,034 shares of the company’s stock valued at $26,770,000 after buying an additional 3,004,964 shares during the period. Vanguard Group Inc. grew its stake in shares of QuantumScape by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock worth $207,306,000 after purchasing an additional 796,723 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of QuantumScape during the 2nd quarter worth $1,950,000. American Century Companies Inc. grew its stake in shares of QuantumScape by 880.6% during the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after purchasing an additional 316,361 shares during the period. Finally, Baillie Gifford & Co. grew its stake in shares of QuantumScape by 10.3% during the 1st quarter. Baillie Gifford & Co. now owns 2,679,518 shares of the company’s stock worth $16,854,000 after purchasing an additional 251,186 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Trading Up 0.5 %

Shares of QS stock opened at $5.52 on Thursday. The firm has a market cap of $2.75 billion, a P/E ratio of -5.74 and a beta of 4.58. QuantumScape Co. has a 1-year low of $4.67 and a 1-year high of $10.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. The firm’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $5.83.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). During the same period in the previous year, the business earned ($0.26) EPS. As a group, equities analysts forecast that QuantumScape Co. will post -0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

QS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research initiated coverage on shares of QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating on the stock. Finally, Truist Financial decreased their price objective on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.94.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total value of $76,931.68. Following the completion of the sale, the director now owns 254,103 shares of the company’s stock, valued at $1,514,453.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total transaction of $76,931.68. Following the transaction, the director now directly owns 254,103 shares in the company, valued at $1,514,453.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael O. Mccarthy III sold 222,476 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $6.58, for a total value of $1,463,892.08. Following the transaction, the insider now owns 1,283,847 shares in the company, valued at $8,447,713.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,126,067 shares of company stock valued at $6,659,475 over the last 90 days. 10.18% of the stock is owned by corporate insiders.

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.