Oak Thistle LLC Invests $1.53 Million in QuantumScape Corporation $QS

Oak Thistle LLC acquired a new stake in shares of QuantumScape Corporation (NYSE:QS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 124,157 shares of the company’s stock, valued at approximately $1,530,000.

A number of other large investors also recently bought and sold shares of the business. Perbak Capital Partners LLP purchased a new position in shares of QuantumScape in the 1st quarter valued at $353,000. Nuveen LLC bought a new stake in QuantumScape during the first quarter valued at about $2,819,000. Thames Capital Management LLC bought a new stake in QuantumScape during the second quarter valued at about $2,792,000. 111 Capital purchased a new position in QuantumScape in the second quarter valued at about $131,000. Finally, Atria Wealth Solutions Inc. raised its holdings in QuantumScape by 131.7% in the second quarter. Atria Wealth Solutions Inc. now owns 93,581 shares of the company’s stock worth $657,000 after purchasing an additional 53,200 shares in the last quarter. Institutional investors own 29.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QS. Morgan Stanley started coverage on shares of QuantumScape in a research note on Monday, December 8th. They set an “equal weight” rating and a $12.00 price objective for the company. Evercore ISI reaffirmed an “in-line” rating and issued a $12.00 price target (up from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Cowen reiterated a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. HSBC cut QuantumScape from a “hold” rating to a “reduce” rating and raised their price objective for the stock from $5.30 to $10.50 in a research report on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 target price on QuantumScape and gave the company a “hold” rating in a research report on Thursday, October 23rd. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $9.17.

Insider Activity at QuantumScape

In other QuantumScape news, Director Dipender Saluja sold 2,613,121 shares of QuantumScape stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.01, for a total transaction of $28,770,462.21. Following the completion of the sale, the director directly owned 9,892,934 shares in the company, valued at approximately $108,921,203.34. The trade was a 20.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Fritz Prinz sold 980,878 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $15.49, for a total transaction of $15,193,800.22. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,423,936 shares of company stock worth $84,422,388 in the last ninety days. 5.48% of the stock is owned by company insiders.

QuantumScape Stock Down 1.1%

QuantumScape stock opened at $10.73 on Thursday. The business’s 50-day simple moving average is $14.09 and its two-hundred day simple moving average is $10.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The company has a market cap of $6.45 billion, a PE ratio of -13.24 and a beta of 2.76. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $19.07.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). During the same period last year, the company posted ($0.23) EPS. Equities analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current year.

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.