Entropy Technologies LP Raises Stake in QuantumScape Corporation $QS

Entropy Technologies LP lifted its position in shares of QuantumScape Corporation (NYSE:QS) by 264.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 188,593 shares of the company’s stock after purchasing an additional 136,893 shares during the quarter. Entropy Technologies LP’s holdings in QuantumScape were worth $1,965,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of QS. AQR Capital Management LLC purchased a new stake in shares of QuantumScape during the 1st quarter worth about $321,000. NewEdge Advisors LLC grew its holdings in shares of 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 purchasing an additional 7,111 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 in the last quarter. Prudential Financial Inc. lifted 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 in the last quarter. Finally, Russell Investments Group Ltd. lifted 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 in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey B. Straubel sold 27,106 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $6.17, for a total transaction of $167,244.02. Following the completion of the transaction, the director directly owned 158,404 shares in the company, valued at $977,352.68. This represents a 14.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mohit Singh sold 50,000 shares of the company’s stock in a transaction 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 transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 778,932 shares of company stock worth $6,043,845 in the last three months. 3.93% of the stock is owned by insiders.

QuantumScape Stock Performance

QS stock opened at $7.23 on Tuesday. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.45 billion, a P/E ratio of -8.93 and a beta of 2.60. QuantumScape Corporation has a 12-month low of $4.16 and a 12-month high of $19.07. The stock’s 50 day simple moving average is $7.58 and its 200 day simple moving average is $8.66.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period last year, the business earned ($0.21) EPS. As a group, equities research analysts predict that QuantumScape Corporation will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

QS has been the topic of several recent research reports. TD Cowen reissued a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and reduced their price target for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Finally, Morgan Stanley reduced 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, February 18th. 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.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.13.

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.