Baillie Gifford & Co. Purchases 5,406 Shares of QuantumScape Co. (NYSE:QS)

Baillie Gifford & Co. grew its holdings in shares of QuantumScape Co. (NYSE:QS) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,338,088 shares of the company’s stock after purchasing an additional 5,406 shares during the quarter. Baillie Gifford & Co.’s holdings in QuantumScape were worth $13,444,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QS. Vanguard Group Inc. raised its holdings in QuantumScape by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock valued at $191,750,000 after acquiring an additional 656,646 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of QuantumScape in the second quarter valued at $1,950,000. American Century Companies Inc. raised 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 valued at $1,733,000 after purchasing an additional 316,361 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of QuantumScape during the 1st quarter valued at $1,002,000. Finally, Nisa Investment Advisors LLC lifted its holdings in QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock worth $776,000 after purchasing an additional 133,000 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape 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 owns 1,073,022 shares of the company’s stock, valued at $5,890,890.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Kevin Hettrich sold 34,607 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the sale, the chief financial officer now directly owns 1,073,022 shares in the company, valued at approximately $5,890,890.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Timothy Holme sold 44,306 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $6.11, for a total transaction of $270,709.66. Following the transaction, the chief technology officer now directly owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 711,321 shares of company stock worth $4,138,097. Corporate insiders own 12.03% of the company’s stock.

QuantumScape Stock Performance

Shares of QS opened at $4.84 on Wednesday. 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 stock has a 50-day moving average price of $5.54 and a 200-day moving average price of $5.78. QuantumScape Co. has a 12-month low of $4.67 and a 12-month high of $10.03.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the company posted ($0.23) EPS. Equities analysts expect that QuantumScape Co. will post -0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on QS shares. Truist Financial reiterated a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Wolfe Research initiated coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating for the company. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.14.

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.