QuantumScape Co. (NYSE:QS) Shares Sold by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC lowered its stake in shares of QuantumScape Co. (NYSE:QS) by 87.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,324 shares of the company’s stock after selling 82,200 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in QuantumScape were worth $71,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its position in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after purchasing an additional 2,148 shares during the period. International Assets Investment Management LLC boosted its position in QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after acquiring an additional 4,228 shares during the period. CWM LLC boosted its position in QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after acquiring an additional 2,556 shares during the period. Mather Group LLC. acquired a new position in QuantumScape during the 2nd quarter worth $36,000. Finally, Alaska Wealth Advisors acquired a new position in QuantumScape during the 2nd quarter worth $49,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Insider Transactions at QuantumScape

In other news, insider Michael O. Mccarthy III sold 50,575 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.99, for a total transaction of $302,944.25. Following the sale, the insider now directly owns 1,184,745 shares of the company’s stock, valued at $7,096,622.55. The trade was a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Timothy Holme sold 44,306 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the sale, the chief technology officer now directly owns 1,168,496 shares in the company, valued at $7,139,510.56. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 713,986 shares of company stock valued at $4,148,984 over the last three months. Company insiders own 12.03% of the company’s stock.

QuantumScape Stock Down 2.3 %

QS opened at $4.74 on Monday. QuantumScape Co. has a one year low of $4.67 and a one year high of $10.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The stock’s fifty day moving average is $5.49 and its 200-day moving average is $5.76. The company has a market capitalization of $2.43 billion, a PE ratio of -4.99 and a beta of 4.60.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period in the prior year, the company earned ($0.23) earnings per share. On average, equities analysts predict that QuantumScape Co. will post -0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.