Coatue Management Adds $5M in QuantumScape Corporation ($QS)
Key Points
- Coatue Management changed its QuantumScape Corporation ($QS) stake by 16.24% last quarter, boosting to 4,294,995 shares worth $32.45 million.
- Wall Street's consensus rating on $QS is Hold and an average price target of $6.66.
- $QS last traded around $7.55.
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Coatue Management increased its position in QuantumScape Corporation ($QS) by 16.24% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,294,995 shares of QuantumScape Corporation after buying 600,000 shares during the quarter. Coatue Management's holdings in QuantumScape Corporation were worth $32.45 million as of its most recent filing.
QuantumScape Corporation Stock Up 34.7%
Shares of QuantumScape Corporation ($QS) traded around $7.55 on Saturday, up 34.7% for the day.
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About QuantumScape Corporation
QuantumScape Corporation, together with its subsidiaries, develops solid-state lithium-metal battery technology for electric vehicles and other applications in the United States. The company was founded in 2010 and is headquartered in San Jose, California.
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