QuantumScape Corporation $QS Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in QuantumScape Corporation (NYSE:QS) by 145.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 249,036 shares of the company’s stock after purchasing an additional 147,697 shares during the period. Hsbc Holdings PLC’s holdings in QuantumScape were worth $2,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of QS. Kohmann Bosshard Financial Services LLC purchased a new position in shares of QuantumScape during the fourth quarter worth approximately $25,000. Albion Financial Group UT raised its position in QuantumScape by 200.0% in the 4th quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,000 shares during the last quarter. Russell Investments Group Ltd. raised its position in QuantumScape by 685.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after purchasing an additional 3,311 shares during the last quarter. CoreCap Advisors LLC boosted its stake in QuantumScape by 373.6% during the 4th quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock worth $41,000 after purchasing an additional 3,071 shares during the period. Finally, Danske Bank A S acquired a new stake in QuantumScape during the 4th quarter worth $48,000. 29.87% of the stock is owned by institutional investors and hedge funds.

QuantumScape Trading Down 4.8%

Shares of QuantumScape stock opened at $6.58 on Friday. 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 company has a market capitalization of $4.05 billion, a P/E ratio of -8.12 and a beta of 2.61. QuantumScape Corporation has a 1 year low of $5.90 and a 1 year high of $19.07. The company’s fifty day moving average is $7.74 and its two-hundred day moving average is $8.06.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. Analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mohit Singh sold 50,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $14,189,885.45. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Timothy Holme sold 150,320 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $9.30, for a total value of $1,397,976.00. Following the sale, the chief technology officer directly owned 1,712,506 shares of the company’s stock, valued at approximately $15,926,305.80. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 737,540 shares of company stock valued at $5,967,115 over the last quarter. 3.93% of the stock is currently owned by insiders.

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.