Board of Trustees of The Leland Stanford Junior University Reduces Holdings in QuantumScape Corporation $QS

Board of Trustees of The Leland Stanford Junior University cut its stake in shares of QuantumScape Corporation (NYSE:QS) by 41.0% during the third quarter, HoldingsChannel.com reports. The fund owned 1,463,438 shares of the company’s stock after selling 1,018,000 shares during the quarter. QuantumScape makes up approximately 2.1% of Board of Trustees of The Leland Stanford Junior University’s investment portfolio, making the stock its 6th biggest holding. Board of Trustees of The Leland Stanford Junior University’s holdings in QuantumScape were worth $18,030,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. lifted its holdings in shares of QuantumScape by 0.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 120,753 shares of the company’s stock worth $1,488,000 after buying an additional 810 shares during the period. Wedmont Private Capital boosted its holdings in shares of QuantumScape by 5.7% in the 3rd quarter. Wedmont Private Capital now owns 15,115 shares of the company’s stock valued at $186,000 after buying an additional 815 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in QuantumScape by 67.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock valued at $31,000 after acquiring an additional 1,005 shares in the last quarter. CWM LLC grew its stake in QuantumScape by 69.1% during the 3rd quarter. CWM LLC now owns 2,625 shares of the company’s stock worth $32,000 after buying an additional 1,073 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of QuantumScape by 6.0% during the third quarter. Maryland State Retirement & Pension System now owns 20,855 shares of the company’s stock worth $257,000 after acquiring an additional 1,173 shares during the last quarter. Institutional investors own 29.87% of the company’s stock.

Insider Activity

In other news, Director Jeffrey B. Straubel sold 157,171 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.38, for a total transaction of $1,788,605.98. Following the sale, the director directly owned 266,828 shares of the company’s stock, valued at $3,036,502.64. This represents a 37.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dipender Saluja sold 2,613,121 shares of QuantumScape stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.01, for a total value of $28,770,462.21. Following the completion of the transaction, the director owned 9,892,934 shares of the company’s stock, valued at approximately $108,921,203.34. This represents a 20.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,277,604 shares of company stock worth $48,737,041. 5.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

QuantumScape Price Performance

Shares of NYSE QS opened at $8.86 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The firm’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $11.72. QuantumScape Corporation has a 12 month low of $3.40 and a 12 month high of $19.07. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of -10.94 and a beta of 2.60.

QuantumScape Company Profile

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.