Virtu Financial LLC Buys New Position in QuantumScape Corporation $QS

Virtu Financial LLC purchased a new position in shares of QuantumScape Corporation (NYSE:QS) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 315,454 shares of the company’s stock, valued at approximately $3,287,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QS. VSM Wealth Advisory LLC raised its stake in shares of QuantumScape by 46.8% during the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after purchasing an additional 750 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of QuantumScape during the fourth quarter worth $25,000. Albion Financial Group UT boosted its stake in shares of QuantumScape by 200.0% in the fourth quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,000 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of QuantumScape by 685.5% in 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 period. Finally, CoreCap Advisors LLC boosted its stake in shares of QuantumScape by 373.6% in the fourth quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock valued at $41,000 after purchasing an additional 3,071 shares during the period. Hedge funds and other institutional investors own 29.87% of the company’s stock.

QuantumScape Price Performance

QS opened at $8.04 on Friday. The company has a fifty day simple moving average of $7.64 and a 200 day simple moving average of $8.56. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of -9.93 and a beta of 2.60. QuantumScape Corporation has a twelve month low of $4.16 and a twelve month high of $19.07. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same quarter in the previous year, the company posted ($0.21) EPS. Equities research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mohit Singh sold 50,000 shares of QuantumScape stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $7.87, for a total transaction of $393,500.00. Following the sale, the insider directly owned 1,803,035 shares of the company’s stock, valued at approximately $14,189,885.45. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey B. Straubel sold 27,106 shares of QuantumScape stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $7.85, for a total value of $212,782.10. Following the sale, the director directly owned 131,298 shares in the company, valued at approximately $1,030,689.30. The trade was a 17.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 778,932 shares of company stock valued at $6,043,845 over the last ninety days. Insiders own 3.93% of the company’s stock.

QuantumScape News Roundup

Here are the key news stories impacting QuantumScape this week:

• Positive Sentiment: QuantumScape announced a multi-year joint research agreement with Honda R&D to co-develop solid-state battery technology and related manufacturing processes, a major validation from a leading global automaker. QuantumScape Announces Agreement with Honda on Solid-State Battery Technology
• Positive Sentiment: Reports highlighted that Honda said QuantumScape’s technology showed “compelling and unique advantages,” which boosted confidence that the company’s battery platform could gain commercial traction. QuantumScape Stock Jumps on Honda Solid-State Battery Agreement
• Positive Sentiment: Market commentary suggested the Honda deal could be more meaningful than investors initially realized, with optimism that it may accelerate QuantumScape’s path toward commercialization and expand its addressable market. Honda deal is more bullish for QuantumScape stock than market realizes
• Neutral Sentiment: QuantumScape also drew unusual options activity, with heavy call buying signaling elevated speculative interest around the news. QuantumScape (QS) Stock Surges 14% on Honda Battery Partnership

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.