Trustees of Princeton University Makes New $337,000 Investment in QuantumScape Co. (NYSE:QS)

Trustees of Princeton University acquired a new stake in shares of QuantumScape Co. (NYSE:QS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 48,464 shares of the company’s stock, valued at approximately $337,000. QuantumScape makes up approximately 4.3% of Trustees of Princeton University’s holdings, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Level Financial Advisors Inc. purchased a new position in QuantumScape in the 3rd quarter worth $42,000. International Assets Investment Management LLC raised its position in QuantumScape by 595.1% in the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after purchasing an additional 5,296 shares during the period. C M Bidwell & Associates Ltd. raised its position in QuantumScape by 37.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,835 shares during the period. CWM LLC raised its position in QuantumScape by 31.1% in the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after purchasing an additional 1,794 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in QuantumScape in the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Up 3.7 %

QS traded up $0.20 during midday trading on Tuesday, reaching $5.59. The company’s stock had a trading volume of 6,178,467 shares, compared to its average volume of 9,402,125. The stock’s 50-day moving average is $6.05 and its 200-day moving average is $6.44. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -5.82 and a beta of 4.77. QuantumScape Co. has a 1 year low of $4.99 and a 1 year high of $13.86. The company has a current ratio of 18.98, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same period in the previous year, the company posted ($0.25) EPS. As a group, research analysts expect that QuantumScape Co. will post -0.87 EPS for the current year.

Insider Transactions at QuantumScape

In related news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $6.11, for a total transaction of $211,448.77. Following the transaction, the chief financial officer now owns 556,302 shares in the company, valued at $3,399,005.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total value of $465,756.48. Following the transaction, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.11, for a total transaction of $211,448.77. Following the completion of the transaction, the chief financial officer now owns 556,302 shares in the company, valued at $3,399,005.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 194,970 shares of company stock worth $1,250,775. Corporate insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on QS. Robert W. Baird raised their price target on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Truist Financial cut their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.46.

QuantumScape Profile

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.