State of New Jersey Common Pension Fund D Buys Shares of 270,275 QuantumScape Corporation $QS

State of New Jersey Common Pension Fund D purchased a new stake in shares of QuantumScape Corporation (NYSE:QS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 270,275 shares of the company’s stock, valued at approximately $3,330,000.

Several other institutional investors and hedge funds have also modified their holdings of QS. Tsfg LLC raised its stake in shares of QuantumScape by 233.3% in the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,400 shares in the last quarter. REAP Financial Group LLC boosted its position in QuantumScape by 300.0% during the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,500 shares during the period. Russell Investments Group Ltd. grew its holdings in QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after purchasing an additional 3,311 shares during the last quarter. North Capital Inc. bought a new position in shares of QuantumScape in the second quarter valued at approximately $27,000. Finally, Global Retirement Partners LLC raised its position in shares of QuantumScape by 538.7% in the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after purchasing an additional 1,950 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Price Performance

Shares of QuantumScape stock opened at $6.88 on Friday. 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 company has a market cap of $4.14 billion, a PE ratio of -8.49 and a beta of 2.51. The firm has a fifty day moving average price of $9.89 and a two-hundred day moving average price of $11.45. 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, February 11th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). During the same quarter last year, the company posted ($0.22) EPS. The business’s revenue was up .0% on a year-over-year basis. Analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Key QuantumScape News

Here are the key news stories impacting QuantumScape this week:

• Positive Sentiment: HSBC upgraded the stock, which could provide short-term analyst support and buying interest. HSBC upgrade
• Neutral Sentiment: Broader market and sector stories (dividend moves at large utilities/REITs/restaurants) are unlikely to directly affect QS, but they can shift investor risk appetite away from speculative EV/technology plays like QuantumScape. Market dividend roundup
• Negative Sentiment: Large insider selling by senior executives: CTO Timothy Holme sold multiple blocks (~195,000 shares across Feb. 19–20) reducing his stake by ~10% (SEC filing). Holme SEC filing
• Negative Sentiment: Director Jeffrey Straubel also sold 27,106 shares (Feb. 19), an ~11% cut to his holdings — further signaling insider liquidity taking place. Straubel SEC filing
• Negative Sentiment: Investor reaction to recent financials: coverage notes QuantumScape posted an unimpressive quarter (slight EPS miss, flat revenue) and shares went into a multiday slide afterward — that weak operating update plus elevated insider selling likely pressured the stock. Coverage of session losses

Insiders Place Their Bets

In related news, Director Jeffrey B. Straubel sold 27,106 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $7.10, for a total value of $192,452.60. Following the completion of the transaction, the director directly owned 212,616 shares of the company’s stock, valued at $1,509,573.60. This trade represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.59, for a total transaction of $103,782.00. Following the sale, the chief financial officer owned 1,485,138 shares in the company, valued at $15,727,611.42. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,223,218 shares of company stock worth $46,786,389. 5.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

QS has been the subject of a number of analyst reports. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and reduced their price objective for the stock from $10.50 to $8.30 in a research note on Wednesday. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a report on Wednesday. Evercore restated an “in-line” rating and set a $12.00 price target (up from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Morgan Stanley lowered their price target on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird set a $12.00 price objective on QuantumScape in a research note on Thursday, February 12th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $8.98.

QuantumScape 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.