Geode Capital Management LLC Has $86.79 Million Stock Holdings in QuantumScape Corporation $QS

Geode Capital Management LLC lifted its position in shares of QuantumScape Corporation (NYSE:QS) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,327,604 shares of the company’s stock after purchasing an additional 1,189,748 shares during the period. Geode Capital Management LLC’s holdings in QuantumScape were worth $86,794,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. VSM Wealth Advisory LLC increased its stake in shares of QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of QuantumScape by 8.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock worth $153,000 after purchasing an additional 939 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of QuantumScape by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 62,023 shares of the company’s stock worth $646,000 after purchasing an additional 1,275 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of QuantumScape by 34.1% during the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the company’s stock worth $53,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of QuantumScape by 8.5% during the 2nd quarter. Baird Financial Group Inc. now owns 18,575 shares of the company’s stock worth $125,000 after purchasing an additional 1,450 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other QuantumScape news, CTO Timothy Holme sold 150,320 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $9.30, for a total transaction of $1,397,976.00. Following the transaction, the chief technology officer owned 1,712,506 shares in the company, valued at $15,926,305.80. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey B. Straubel sold 27,106 shares of the stock in a transaction that occurred 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 transaction, the director owned 158,404 shares in the company, valued at approximately $977,352.68. The trade was a 14.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 778,932 shares of company stock worth $6,043,845 in the last quarter. Corporate insiders own 3.93% of the company’s stock.

QuantumScape Price Performance

Shares of QS opened at $7.67 on Monday. QuantumScape Corporation has a 52 week low of $4.01 and a 52 week high of $19.07. The firm has a market cap of $4.72 billion, a P/E ratio of -9.47 and a beta of 2.60. The firm’s 50-day simple moving average is $7.46 and its 200 day simple moving average is $8.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14.

QuantumScape (NYSE:QS) last announced its quarterly 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 last year, the business posted ($0.21) earnings per share. On average, analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

QS has been the topic of several recent analyst reports. Robert W. Baird set a $12.00 price objective on shares of QuantumScape in a research note on Thursday, February 12th. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and lowered their price objective for the stock from $10.50 to $8.30 in a research note on Wednesday, February 18th. Morgan Stanley decreased their price target on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Finally, TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $11.13.

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.