Compass Financial Group INC SD Takes Position in QuantumScape Corporation $QS

Compass Financial Group INC SD acquired a new position in shares of QuantumScape Corporation (NYSE:QS) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 81,000 shares of the company’s stock, valued at approximately $998,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vontobel Holding Ltd. grew its position in QuantumScape by 0.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 120,753 shares of the company’s stock valued at $1,488,000 after buying an additional 810 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of QuantumScape by 5.7% in the 3rd quarter. Wedmont Private Capital now owns 15,115 shares of the company’s stock worth $186,000 after acquiring an additional 815 shares during the period. CWM LLC increased its stake in shares of QuantumScape by 69.1% during the third quarter. CWM LLC now owns 2,625 shares of the company’s stock worth $32,000 after acquiring an additional 1,073 shares during the period. Baird Financial Group Inc. increased its stake in shares of QuantumScape by 8.5% during the second quarter. Baird Financial Group Inc. now owns 18,575 shares of the company’s stock worth $125,000 after acquiring an additional 1,450 shares during the period. Finally, Ascent Wealth Partners LLC boosted its holdings in QuantumScape by 14.1% in the 3rd quarter. Ascent Wealth Partners LLC now owns 13,211 shares of the company’s stock valued at $163,000 after purchasing an additional 1,633 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Brad W. Buss sold 400,000 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $15.75, for a total value of $6,300,000.00. Following the transaction, the director directly owned 122,476 shares in the company, valued at approximately $1,928,997. This represents a 76.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dipender Saluja sold 2,613,121 shares of the company’s 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 transaction, the director directly owned 9,892,934 shares in the company, valued at $108,921,203.34. The trade was a 20.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,441,239 shares of company stock worth $83,292,953 in the last ninety days. Company insiders own 5.48% of the company’s stock.

QuantumScape Price Performance

QS stock opened at $10.91 on Thursday. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year 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. The stock’s 50 day moving average price is $12.66 and its 200 day moving average price is $11.43. The firm has a market cap of $6.56 billion, a P/E ratio of -13.47 and a beta of 2.60.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.18). During the same period last year, the firm earned ($0.23) earnings per share. On average, sell-side analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QS has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Hsbc Global Res upgraded shares of QuantumScape to a “moderate sell” rating in a research report on Wednesday, November 19th. HSBC cut shares of QuantumScape from a “hold” rating to a “reduce” rating and increased their target price for the company from $5.30 to $10.50 in a report on Wednesday, November 19th. Morgan Stanley started coverage on QuantumScape in a research note on Monday, December 8th. They set an “equal weight” rating and a $12.00 price target on the stock. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $12.00 price objective (up from $8.00) on shares of QuantumScape in a research note on Monday, November 24th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $9.17.

About QuantumScape

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.