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

Trustees of Princeton University bought a new position in QuantumScape Co. (NYSE:QS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 48,464 shares of the company’s stock, valued at approximately $337,000. QuantumScape makes up about 4.3% of Trustees of Princeton University’s portfolio, making the stock its 2nd largest holding.

Other large investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its stake in shares of QuantumScape by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 235,700 shares of the company’s stock worth $1,638,000 after buying an additional 1,481 shares during the last quarter. Xponance Inc. raised its stake in shares of QuantumScape by 15.8% in the 4th quarter. Xponance Inc. now owns 12,050 shares of the company’s stock valued at $84,000 after buying an additional 1,640 shares in the last quarter. CWM LLC raised its stake in shares of QuantumScape by 31.1% in the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock valued at $51,000 after buying an additional 1,794 shares in the last quarter. C M Bidwell & Associates Ltd. raised its stake in shares of QuantumScape by 37.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock valued at $45,000 after buying an additional 1,835 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of QuantumScape by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 23,143 shares of the company’s stock valued at $155,000 after buying an additional 1,858 shares in the last quarter. 29.87% of the stock is owned by institutional investors.

QuantumScape Price Performance

NYSE:QS traded up $0.20 during mid-day trading on Tuesday, reaching $5.59. 6,178,467 shares of the company were exchanged, compared to its average volume of 9,402,125. QuantumScape Co. has a 12 month low of $4.99 and a 12 month high of $13.86. The company has a fifty day moving average of $6.05 and a 200 day moving average of $6.44. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.77 billion, a PE ratio of -5.82 and a beta of 4.77.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the company earned ($0.25) EPS. On average, research analysts anticipate that QuantumScape Co. will post -0.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Monday. Robert W. Baird upped their target price on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.46.

Insiders Place Their Bets

In other news, insider Michael O. Mccarthy III sold 21,840 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $6.17, for a total value of $134,752.80. Following the transaction, the insider now owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the sale, the director now directly owns 292,644 shares in the company, valued at approximately $1,966,567.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the sale, the insider now owns 731,629 shares in the company, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders have sold a total of 194,970 shares of company stock valued at $1,250,775 in the last 90 days. 10.18% of the stock is currently owned by insiders.

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.