Rovin Capital UT ADV Invests $119,000 in QuantumScape Corporation $QS

Rovin Capital UT ADV purchased a new stake in QuantumScape Corporation (NYSE:QS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,700 shares of the company’s stock, valued at approximately $119,000.

A number of other large investors also recently bought and sold shares of the business. Signaturefd LLC boosted its position in QuantumScape by 2,086.1% during the first quarter. Signaturefd LLC now owns 6,121 shares of the company’s stock worth $25,000 after purchasing an additional 5,841 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of QuantumScape by 660.0% during the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company’s stock worth $26,000 after buying an additional 5,438 shares during the period. Hollencrest Capital Management lifted its position in shares of QuantumScape by 333.3% during the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company’s stock valued at $27,000 after buying an additional 5,000 shares in the last quarter. North Capital Inc. purchased a new position in shares of QuantumScape during the 2nd quarter valued at approximately $27,000. Finally, Quarry LP acquired a new stake in QuantumScape in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey B. Straubel sold 157,171 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $16.93, for a total value of $2,660,905.03. Following the transaction, the director owned 293,934 shares of the company’s stock, valued at $4,976,302.62. This represents a 34.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brad W. Buss sold 300,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $17.98, for a total value of $5,394,000.00. Following the sale, the director directly owned 122,476 shares of the company’s stock, valued at $2,202,118.48. The trade was a 71.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,001,305 shares of company stock valued at $44,058,829. 5.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of QuantumScape and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a research report on Wednesday, October 8th. TD Cowen boosted their price target on shares of QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Cowen restated a “hold” rating on shares of QuantumScape in a research report on Thursday, October 30th. Finally, Robert W. Baird increased their price target on QuantumScape from $6.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $7.66.

QuantumScape Stock Performance

QuantumScape stock opened at $16.57 on Friday. The firm has a 50 day simple moving average of $13.46 and a 200-day simple moving average of $9.02. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of -20.46 and a beta of 4.83. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. QuantumScape Corporation has a 1-year low of $3.40 and a 1-year high of $19.07.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). The business had revenue of ($36.67) million during the quarter. During the same quarter in the previous year, the company earned ($0.23) EPS. On average, analysts expect that QuantumScape Corporation will post -0.82 EPS 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.