Baillie Gifford & Co. Has $13.44 Million Stake in QuantumScape Co. (NYSE:QS)

Baillie Gifford & Co. grew its position in QuantumScape Co. (NYSE:QS) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,338,088 shares of the company’s stock after buying an additional 5,406 shares during the quarter. Baillie Gifford & Co. owned 0.46% of QuantumScape worth $13,444,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QS. Nisa Investment Advisors LLC boosted its stake in QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after buying an additional 133,000 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of QuantumScape in the 2nd quarter valued at approximately $1,950,000. Sanctuary Advisors LLC bought a new stake in shares of QuantumScape during the 2nd quarter valued at approximately $680,000. Swiss National Bank lifted its stake in QuantumScape by 9.3% in the 1st quarter. Swiss National Bank now owns 678,800 shares of the company’s stock valued at $4,270,000 after purchasing an additional 58,000 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in QuantumScape in the second quarter valued at approximately $644,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wolfe Research started coverage on QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating for the company. Truist Financial reiterated a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.14.

Insider Transactions at QuantumScape

In related news, Director Jagdeep Singh sold 192,270 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the completion of the sale, the director now owns 2,590,583 shares of the company’s stock, valued at $15,517,592.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total transaction of $76,931.68. Following the completion of the sale, the director now owns 254,103 shares in the company, valued at approximately $1,514,453.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the completion of the sale, the director now owns 2,590,583 shares in the company, valued at $15,517,592.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 711,321 shares of company stock worth $4,138,097 over the last three months. 12.03% of the stock is owned by company insiders.

QuantumScape Price Performance

NYSE QS opened at $4.84 on Wednesday. QuantumScape Co. has a twelve month low of $4.67 and a twelve month high of $10.03. The stock has a fifty day simple moving average of $5.54 and a 200 day simple moving average of $5.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the prior year, the business earned ($0.23) earnings per share. As a group, analysts predict that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

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.