Hsbc Holdings PLC Boosts Stock Position in QuantumScape Corporation $QS

Hsbc Holdings PLC boosted its stake in shares of QuantumScape Corporation (NYSE:QS) by 145.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 249,036 shares of the company’s stock after acquiring an additional 147,697 shares during the quarter. Hsbc Holdings PLC’s holdings in QuantumScape were worth $2,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley grew its holdings in QuantumScape by 333.5% during the fourth quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock worth $115,938,000 after acquiring an additional 8,559,554 shares during the period. Renaissance Technologies LLC acquired a new stake in QuantumScape in the fourth quarter valued at $84,584,000. Vanguard Group Inc. boosted its position in shares of QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after purchasing an additional 4,323,829 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 purchasing an additional 3,904,168 shares during the period. Finally, Man Group plc acquired a new position in shares of QuantumScape during the 3rd quarter worth $44,421,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 9,800 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $7.94, for a total transaction of $77,812.00. Following the sale, the chief financial officer owned 1,826,057 shares in the company, valued at approximately $14,498,892.58. This trade represents a 0.53% 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 that occurred on Tuesday, May 12th. The stock was sold at an average price of $7.85, for a total transaction of $212,782.10. Following the completion of the sale, the director directly owned 131,298 shares of the company’s stock, valued at $1,030,689.30. The trade was a 17.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 788,732 shares of company stock worth $6,121,657. 3.93% of the stock is owned by company insiders.

QuantumScape Price Performance

Shares of NYSE QS opened at $7.16 on Monday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -8.84 and a beta of 2.60. QuantumScape Corporation has a 52 week low of $5.90 and a 52 week high of $19.07. The firm has a 50-day moving average price of $7.74 and a 200 day moving average price of $8.35. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02.

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

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.