AXQ Capital LP Has $834,000 Stock Position in QuantumScape Corporation $QS

AXQ Capital LP lifted its stake in QuantumScape Corporation (NYSE:QS) by 408.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,046 shares of the company’s stock after purchasing an additional 64,311 shares during the quarter. AXQ Capital LP’s holdings in QuantumScape were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC acquired a new stake in QuantumScape during the 1st quarter worth about $321,000. NewEdge Advisors LLC boosted its position in QuantumScape by 50.4% during the 1st quarter. NewEdge Advisors LLC now owns 21,224 shares of the company’s stock worth $88,000 after acquiring an additional 7,111 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in QuantumScape by 456.5% during the 1st 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 acquiring an additional 3,904,168 shares during the period. Prudential Financial Inc. boosted its position in QuantumScape by 41.4% during the 2nd quarter. Prudential Financial Inc. now owns 31,439 shares of the company’s stock worth $211,000 after acquiring an additional 9,210 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in QuantumScape by 685.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after acquiring an additional 3,311 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Stock Up 0.7%

Shares of QuantumScape stock opened at $9.20 on Wednesday. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of -11.36 and a beta of 2.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. QuantumScape Corporation has a 52-week low of $3.90 and a 52-week high of $19.07. The stock has a 50-day simple moving average of $7.32 and a 200-day simple moving average of $9.01.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the prior year, the company earned ($0.21) earnings per share. On average, equities research analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and decreased their price objective for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Morgan Stanley decreased their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. TD Cowen restated a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price objective on QuantumScape in a research report on Thursday, February 12th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, QuantumScape has a consensus rating of “Reduce” and an average price target of $11.13.

Insiders Place Their Bets

In other QuantumScape news, insider Michael O. Mccarthy III sold 45,000 shares of QuantumScape stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.73, for a total value of $302,850.00. Following the transaction, the insider directly owned 954,219 shares of the company’s stock, valued at $6,421,893.87. The trade was a 4.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mohit Singh sold 50,000 shares of QuantumScape stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $7.87, for a total value of $393,500.00. Following the completion of the transaction, the insider directly owned 1,803,035 shares in the company, valued at approximately $14,189,885.45. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 794,328 shares of company stock valued at $5,677,730. 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.