Nisa Investment Advisors LLC Purchases New Position in QuantumScape Corporation $QS

Nisa Investment Advisors LLC acquired a new position in QuantumScape Corporation (NYSE:QS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,900 shares of the company’s stock, valued at approximately $627,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of QuantumScape by 456.5% in 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 in the last quarter. BNP Paribas Financial Markets boosted its position in shares of QuantumScape by 2,036.7% during the second quarter. BNP Paribas Financial Markets now owns 2,452,835 shares of the company’s stock valued at $16,483,000 after buying an additional 2,338,038 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in QuantumScape by 1,005.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,982,578 shares of the company’s stock worth $13,323,000 after buying an additional 1,803,196 shares in the last quarter. Bank of America Corp DE increased its holdings in QuantumScape by 148.0% in the 2nd quarter. Bank of America Corp DE now owns 2,803,989 shares of the company’s stock worth $18,843,000 after buying an additional 1,673,472 shares in the last quarter. Finally, HRT Financial LP raised its position in QuantumScape by 174.2% in the 2nd quarter. HRT Financial LP now owns 1,475,074 shares of the company’s stock worth $9,912,000 after buying an additional 937,098 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Brad W. Buss sold 400,000 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $15.75, for a total value of $6,300,000.00. Following the transaction, the director owned 122,476 shares of the company’s stock, valued at approximately $1,928,997. The trade was a 76.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Timothy Holme sold 201,785 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $12.51, for a total transaction of $2,524,330.35. Following the transaction, the chief technology officer owned 1,251,383 shares of the company’s stock, valued at approximately $15,654,801.33. This represents a 13.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,441,239 shares of company stock worth $83,292,953 in the last quarter. 5.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QS. Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. HSBC cut shares of QuantumScape from a “hold” rating to a “reduce” rating and raised their target price for the stock from $5.30 to $10.50 in a report on Wednesday, November 19th. Morgan Stanley assumed coverage on QuantumScape in a research note on Monday, December 8th. They issued an “equal weight” rating and a $12.00 price target on the stock. Evercore ISI reiterated an “in-line” rating and set a $12.00 price objective (up previously from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of QuantumScape in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, QuantumScape presently has an average rating of “Reduce” and a consensus price target of $9.17.

QuantumScape Trading Down 3.8%

Shares of QuantumScape stock opened at $10.38 on Friday. The company has a market capitalization of $6.24 billion, a P/E ratio of -12.81 and a beta of 2.60. 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 fifty day moving average of $11.96 and a 200 day moving average of $11.60. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $19.07.

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

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.