Public Employees Retirement System of Ohio Acquires Shares of 142,737 QuantumScape Corporation $QS

Public Employees Retirement System of Ohio bought a new position in QuantumScape Corporation (NYSE:QS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 142,737 shares of the company’s stock, valued at approximately $1,079,000.

A number of other large investors also recently modified their holdings of QS. Coldstream Capital Management Inc. increased its holdings in shares of QuantumScape by 8.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock valued at $153,000 after purchasing an additional 939 shares in the last quarter. Baird Financial Group Inc. raised its position in QuantumScape by 8.5% in 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. Bank of Montreal Can lifted its holdings in QuantumScape by 5.5% during the 4th quarter. Bank of Montreal Can now owns 29,968 shares of the company’s stock worth $312,000 after buying an additional 1,559 shares in the last quarter. &PARTNERS lifted its holdings in QuantumScape by 7.5% during the 4th quarter. &PARTNERS now owns 22,949 shares of the company’s stock worth $239,000 after buying an additional 1,596 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in QuantumScape by 13.4% in the 4th quarter. Empowered Funds LLC now owns 14,169 shares of the company’s stock valued at $148,000 after buying an additional 1,674 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TD Cowen lowered their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, QuantumScape presently has a consensus rating of “Reduce” and a consensus price target of $9.47.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total value of $71,344.00. Following the transaction, the chief financial officer directly owned 1,816,257 shares in the company, valued at $13,222,350.96. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Timothy Holme sold 12,723 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $6.01, for a total transaction of $76,465.23. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 211,444 shares of company stock valued at $1,465,971. 3.93% of the stock is currently owned by insiders.

QuantumScape Stock Performance

Shares of NYSE:QS opened at $5.59 on Wednesday. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a 1-year low of $4.77 and a 1-year high of $19.07. The stock has a market capitalization of $3.46 billion, a P/E ratio of -6.90 and a beta of 2.68. The business has a 50-day moving average price of $5.93 and a two-hundred day moving average price of $6.81.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same quarter in the prior year, the business posted ($0.20) earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts predict 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.