Vontobel Ups its Holdings QuantumScape Corp.

Recently released reports show that Vontobel Holding Limited increased its holdings in QuantumScape Corp by more than 9%. QuantumScape Corp (NYSE: QS) is a company focused on the development of solid-state lithium metal batteries for electric vehicles, among other applications.

Following its recent acquisition, the global investment management company now owns a total of 206,147 shares in the California-based company. At the end of the latest reporting period, Vontobel’s holdings in QuantumScape were worth more than $1.4 million.

This isn’t the first company to alter its holdings of QuantumScape either. During the fourth quarter, Clear Street Markets LLC bought a new stake in the battery-development company worth $32,000. That same quarter, International Assets Investment Management LLC raised its position in QuantumScape by more than 595%. International Assets Investment now owns shares of the company’s stock worth $43,000. This is after it purchased an additional 5,296 shares.

In the third quarter, Tower Research Capital LLC TRC also increased its holdings in QuantumScape stock by a little more than 49%. Currently, Tower Research Capital owns stock valued at $34,000 after buying an additional 1,704 shares in the past quarter. Level Financial Advisors Inc. also purchased a new stake in the company worth $42,000 while Canada Pension Plan Investment Board bought a new stake worth $120,000.

Almost 30% of QuantumScape stock is held by hedge funds, among other institutional investors.

With regard to insider activity, QuantumScape director Jeffrey B. Straubel sold more than 69,000 of his shares in February. This transaction was revealed in a filing with the U.S. Securities Exchange Commission, which can be seen on the agency’s site. The average selling price of the stock was $6.72, bringing the total raked in to approximately $465,750. Following this sale, the director currently owns 292,644 shares in the company, valued at more than $1.9 million.

Additionally, QuantumScape’s CFO Kevin Hettrich sold more t han 34,000 shares of the company’s stock about a fortnight after Straubel. The average selling price stood at $6.54, bringing the total raked in to an estimated $226, 300. Following this transaction, Hettrich now owns shares valued at roughly $3,626,700 in QuantumScape.

In the last three months, insiders have sold more than 194,000 shares of the company’s stock worth about $1,250,700. As per recent data, insiders own 10.1% of QuantumScape’s stock.

QuantumScape’s market capitalization stands at $2.6 billion, with a beta of 4.76 and a P/E ratio of -5.58. Its 12-month high stands at $13.86 while its 12-month low stands at $4.99.

About BillionDollarClub

BillionDollarClub (“BDC”) is a specialized communications platform with a focus on the biggest and brightest companies covered by IBN. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, BDC is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, BDC brings its clients unparalleled recognition and brand awareness.

BDC is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from BillionDollarClub, text “Billion” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.BillionDollarClub.com

Please see full terms of use and disclaimers on the BillionDollarClub website applicable to all content provided by BDC, wherever published or re-published: https://www.BillionDollarClub.com/Disclaimer

Los Angeles, CA
310.299.1717 Office

BillionDollarClub is powered by IBN


Select A Month

Contact us: (310) 299-1717