Thames Capital Management LLC Grows Position in QuantumScape Corporation $QS

Thames Capital Management LLC increased its holdings in shares of QuantumScape Corporation (NYSE:QS) by 65.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 686,706 shares of the company’s stock after purchasing an additional 271,227 shares during the quarter. Thames Capital Management LLC owned 0.12% of QuantumScape worth $8,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of QS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in QuantumScape by 456.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after buying an additional 3,904,168 shares during the period. BNP Paribas Financial Markets boosted its position in shares of QuantumScape by 2,036.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,452,835 shares of the company’s stock worth $16,483,000 after purchasing an additional 2,338,038 shares during the period. JPMorgan Chase & Co. increased its holdings in QuantumScape by 1,005.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,982,578 shares of the company’s stock valued at $13,323,000 after purchasing an additional 1,803,196 shares during the last quarter. Bank of America Corp DE raised its position in QuantumScape by 148.0% in the second quarter. Bank of America Corp DE now owns 2,803,989 shares of the company’s stock valued at $18,843,000 after purchasing an additional 1,673,472 shares during the period. Finally, HRT Financial LP lifted its stake in QuantumScape by 174.2% during the second quarter. HRT Financial LP now owns 1,475,074 shares of the company’s stock worth $9,912,000 after purchasing an additional 937,098 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at QuantumScape

In other news, Director Jeffrey B. Straubel sold 27,106 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $11.28, for a total transaction of $305,755.68. Following the completion of the transaction, the director directly owned 239,722 shares of the company’s stock, valued at approximately $2,704,064.16. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dipender Saluja sold 2,613,121 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.01, for a total value of $28,770,462.21. Following the sale, the director directly owned 9,892,934 shares in the company, valued at $108,921,203.34. This trade represents a 20.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,441,239 shares of company stock worth $83,292,953 over the last three months. Company insiders own 5.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res raised QuantumScape to a “moderate sell” rating in a research note on Wednesday, November 19th. Morgan Stanley assumed coverage on QuantumScape in a research report on Monday, December 8th. They issued an “equal weight” rating and a $12.00 target price for the company. TD Cowen boosted their price target on shares of QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of QuantumScape in a research note on Thursday, October 30th. Finally, HSBC cut shares of QuantumScape from a “hold” rating to a “reduce” rating and lifted their price objective for the company from $5.30 to $10.50 in a report on Wednesday, November 19th. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $9.17.

QuantumScape Stock Down 3.8%

QS stock opened at $10.38 on Friday. The company’s 50 day moving average price is $11.96 and its 200 day moving average price is $11.60. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of -12.81 and a beta of 2.60. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $19.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). During the same quarter last year, the firm posted ($0.23) EPS. On average, equities research analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

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.