Hsbc Holdings PLC Increases Stake in QuantumScape Corporation $QS

Hsbc Holdings PLC raised its stake in QuantumScape Corporation (NYSE:QS) by 145.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249,036 shares of the company’s stock after purchasing an additional 147,697 shares during the quarter. Hsbc Holdings PLC’s holdings in QuantumScape were worth $2,606,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in QuantumScape during the fourth quarter valued at approximately $3,287,000. Invesco Ltd. grew its stake in shares of QuantumScape by 4.6% in the fourth quarter. Invesco Ltd. now owns 1,751,018 shares of the company’s stock valued at $18,246,000 after buying an additional 76,711 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of QuantumScape by 156.0% during the 4th quarter. Corient Private Wealth LLC now owns 30,519 shares of the company’s stock valued at $318,000 after buying an additional 18,599 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of QuantumScape by 25.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,528 shares of the company’s stock valued at $235,000 after purchasing an additional 4,602 shares during the period. Finally, Vident Advisory LLC purchased a new stake in shares of QuantumScape during the fourth quarter valued at approximately $108,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 50,000 shares of QuantumScape stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $7.87, for a total transaction of $393,500.00. Following the sale, the insider owned 1,803,035 shares of the company’s stock, valued at $14,189,885.45. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey B. Straubel sold 27,106 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $6.17, for a total value of $167,244.02. Following the transaction, the director directly owned 158,404 shares in the company, valued at $977,352.68. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 788,732 shares of company stock worth $6,121,657. Insiders own 3.93% of the company’s stock.

QuantumScape Stock Performance

Shares of QS stock opened at $7.16 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The company’s fifty day moving average price is $7.74 and its two-hundred day moving average price is $8.35. The firm has a market capitalization of $4.40 billion, a P/E ratio of -8.84 and a beta of 2.60. QuantumScape Corporation has a 12 month low of $5.90 and a 12 month high of $19.07.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same period last year, the business earned ($0.21) earnings per share. On average, research analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.