QuantumScape Corporation $QS Position Decreased by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its holdings in QuantumScape Corporation (NYSE:QS) by 8.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,708,129 shares of the company’s stock after selling 161,517 shares during the quarter. Baillie Gifford & Co.’s holdings in QuantumScape were worth $21,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Global Retirement Partners LLC lifted its stake in QuantumScape by 538.7% during 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 last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of 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 buying an additional 1,005 shares in the last quarter. CWM LLC increased its holdings in shares of QuantumScape by 69.1% in the third quarter. CWM LLC now owns 2,625 shares of the company’s stock valued at $32,000 after buying an additional 1,073 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of QuantumScape during the 3rd quarter valued at $46,000. Finally, Russell Investments Group Ltd. lifted its position in shares of QuantumScape by 685.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after acquiring an additional 3,311 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Trading Down 4.1%

NYSE QS opened at $10.36 on Friday. 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 Corporation has a 1-year low of $3.40 and a 1-year high of $19.07. The firm’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $11.78. The company has a market capitalization of $6.23 billion, a PE ratio of -12.79 and a beta of 2.60.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.18). During the same period last year, the business earned ($0.23) EPS. As a group, sell-side analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on QS shares. Evercore ISI restated an “in-line” rating and issued a $12.00 target price (up from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Morgan Stanley started coverage on QuantumScape in a research report on Monday, December 8th. They issued an “equal weight” rating and a $12.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of QuantumScape in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of QuantumScape and gave the company a “hold” rating in a research note on Thursday, October 23rd. Finally, Hsbc Global Res upgraded shares of QuantumScape to a “moderate sell” rating in a report on Wednesday, November 19th. Six investment 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.com, the company has an average rating of “Reduce” and an average price target of $9.17.

Insider Activity

In other news, Director Jeffrey B. Straubel sold 157,171 shares of QuantumScape stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $16.93, for a total value of $2,660,905.03. Following the transaction, the director owned 293,934 shares of the company’s stock, valued at $4,976,302.62. This trade represents a 34.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael O. Mccarthy III sold 50,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $15.78, for a total transaction of $789,000.00. Following the transaction, the insider directly owned 1,376,118 shares of the company’s stock, valued at approximately $21,715,142.04. This represents a 3.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,784,775 shares of company stock valued at $57,580,946. Corporate insiders own 5.48% of the company’s stock.

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.