Fox Run Management L.L.C. Has $163,000 Stock Position in QuantumScape Co. (NYSE:QS)

Fox Run Management L.L.C. raised its holdings in QuantumScape Co. (NYSE:QS) by 143.8% during the fourth quarter, HoldingsChannel reports. The firm owned 31,477 shares of the company’s stock after acquiring an additional 18,564 shares during the quarter. Fox Run Management L.L.C.’s holdings in QuantumScape were worth $163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in QuantumScape in the fourth quarter valued at about $403,000. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 396,160 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of QuantumScape by 382.9% during the 4th quarter. Virtu Financial LLC now owns 197,252 shares of the company’s stock valued at $1,024,000 after purchasing an additional 156,407 shares during the last quarter. Xponance Inc. lifted its stake in QuantumScape by 17.8% in the 4th quarter. Xponance Inc. now owns 15,862 shares of the company’s stock valued at $82,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of QuantumScape by 9.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 481,916 shares of the company’s stock worth $2,501,000 after buying an additional 41,712 shares during the last quarter. Institutional investors own 29.87% of the company’s stock.

Insider Transactions at QuantumScape

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

Analysts Set New Price Targets

QS has been the topic of a number of research reports. Truist Financial reduced their price objective on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Evercore ISI restated a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.06.

QuantumScape Stock Down 4.5 %

Shares of QS opened at $4.32 on Friday. The company has a market capitalization of $2.36 billion, a PE ratio of -4.59 and a beta of 4.45. The stock’s 50-day moving average price is $4.81 and its two-hundred day moving average price is $5.19. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 12 month low of $4.05 and a 12 month high of $9.52.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current year.

QuantumScape Company 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.