AXQ Capital LP Purchases 64,311 Shares of QuantumScape Corporation $QS

AXQ Capital LP increased its position in shares of QuantumScape Corporation (NYSE:QS) by 408.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 80,046 shares of the company’s stock after buying an additional 64,311 shares during the period. AXQ Capital LP’s holdings in QuantumScape were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in QuantumScape by 11.8% in the fourth 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. Geode Capital Management LLC boosted its stake in QuantumScape by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company’s stock worth $86,794,000 after purchasing an additional 1,189,748 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in QuantumScape by 456.5% in the first 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. Two Sigma Investments LP boosted its stake in QuantumScape by 150.1% in the third quarter. Two Sigma Investments LP now owns 3,630,275 shares of the company’s stock worth $44,725,000 after purchasing an additional 2,178,918 shares in the last quarter. Finally, Man Group plc acquired a new position in QuantumScape in the third quarter worth $44,421,000. 29.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other QuantumScape news, CTO Timothy Holme sold 150,183 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $7.50, for a total value of $1,126,372.50. Following the transaction, the chief technology officer owned 1,712,506 shares of the company’s stock, valued at approximately $12,843,795. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey B. Straubel sold 27,106 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $7.85, for a total value of $212,782.10. Following the completion of the transaction, the director directly owned 131,298 shares in the company, valued at $1,030,689.30. The trade was a 17.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 794,328 shares of company stock worth $5,677,730. Corporate insiders own 5.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird set a $12.00 price objective on QuantumScape in a research note on Thursday, February 12th. TD Cowen reissued a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Morgan Stanley reduced their price objective on 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, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and reduced their price objective for the stock from $10.50 to $8.30 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $11.13.

QuantumScape Trading Up 0.7%

NYSE:QS opened at $9.20 on Wednesday. QuantumScape Corporation has a 1-year low of $3.90 and a 1-year high of $19.07. The business’s 50-day moving average price is $7.32 and its two-hundred day moving average price is $9.01. 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 capitalization of $5.66 billion, a price-to-earnings ratio of -11.36 and a beta of 2.60.

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