EntryPoint Capital LLC Invests $273,000 in QuantumScape Co. (NYSE:QS)

EntryPoint Capital LLC purchased a new stake in QuantumScape Co. (NYSE:QS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,648 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of QuantumScape by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock worth $168,367,000 after purchasing an additional 956,072 shares during the last quarter. American Century Companies Inc. raised its position in QuantumScape by 1,091.5% in the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company’s stock valued at $2,244,000 after buying an additional 396,160 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in QuantumScape in the 4th quarter valued at $1,527,000. Y Intercept Hong Kong Ltd bought a new position in QuantumScape during the 4th quarter valued at $1,275,000. Finally, Geode Capital Management LLC grew its stake in shares of QuantumScape by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock worth $33,671,000 after acquiring an additional 218,743 shares in the last quarter. Institutional investors own 29.87% of the company’s stock.

Insider Transactions at QuantumScape

In other news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the transaction, the director now directly owns 228,287 shares in the company, valued at approximately $1,191,658.14. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $399,127.45. Following the sale, the insider now directly owns 1,010,523 shares in the company, valued at $5,285,035.29. This trade represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,147 shares of company stock worth $935,758. 12.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QS. Evercore ISI reissued a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. Truist Financial cut their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.06.

QuantumScape Stock Down 4.5 %

QS opened at $4.32 on Friday. QuantumScape Co. has a twelve month low of $4.05 and a twelve month high of $9.52. The company’s 50-day moving average price is $4.81 and its two-hundred day moving average price is $5.19. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -4.59 and a beta of 4.45. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). As a group, equities analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current year.

About QuantumScape

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.