On May 23, 2023 at 14:00:44 ET an unusually large $176.46K block of Put contracts in QuantumScape Corp – (QS) was bought, with a strike price of $7.00 / share, expiring in 87 day(s) (on August 18, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 5.65 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in QS options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 481 funds or institutions reporting positions in QuantumScape Corp -. This is a decrease of 26 owner(s) or 5.13% in the last quarter. Average portfolio weight of all funds dedicated to QS is 0.20%, an increase of 24.43%. Total shares owned by institutions decreased in the last three months by 9.53% to 117,762K shares. The put/call ratio of QS is 0.61, indicating a bullish outlook.

Analyst Price Forecast Suggests 37.55% Upside

As of May 11, 2023, the average one-year price target for QuantumScape Corp – is 9.33. The forecasts range from a low of 3.03 to a high of $26.25. The average price target represents an increase of 37.55% from its latest reported closing price of 6.78.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for QuantumScape Corp – is 0MM. The projected annual non-GAAP EPS is -0.87.

What are Other Shareholders Doing?

Capricorn Investment Group holds 14,795K shares representing 3.33% ownership of the company. No change in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,005K shares representing 1.58% ownership of the company. In it’s prior filing, the firm reported owning 6,751K shares, representing an increase of 3.63%. The firm decreased its portfolio allocation in QS by 35.39% over the last quarter.

BNP Paribas Asset Management Holding holds 6,272K shares representing 1.41% ownership of the company. In it’s prior filing, the firm reported owning 5,415K shares, representing an increase of 13.65%. The firm increased its portfolio allocation in QS by 61.77% over the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 5,970K shares representing 1.35% ownership of the company. In it’s prior filing, the firm reported owning 5,772K shares, representing an increase of 3.31%. The firm decreased its portfolio allocation in QS by 35.45% over the last quarter.

KPCB XIV Associates holds 5,071K shares representing 1.14% ownership of the company. No change in the last quarter.

QuantumScape Background Information
(This description is provided by the company.)

Kensington Capital Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a business combination in the automotive sector. Kensington is sponsored by Kensington Capital Partners LLC and the management team of Justin Mirro, Bob Remenar, Simon Boag and Daniel Huber. Kensington is also supported by a board of independent directors including Tom LaSorda, Anders Pettersson, Mitch Quain, Don Runkle and Matt Simoncini. The Kensington team has completed over 70 automotive transactions and has over 300 years of combined experience leading some of the largest automotive companies in the world.

Key filings for this company:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

This article originally appeared on Fintel

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