QuantumScape (NYSE:QS) Stock Price Down 1.1% After Insider Selling

Shares of QuantumScape Co. (NYSE:QS) fell 1.1% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $5.04 and last traded at $5.08. 2,687,002 shares were traded during trading, a decline of 84% from the average session volume of 16,469,477 shares. The stock had previously closed at $5.13.

Specifically, CFO Kevin Hettrich sold 36,949 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the transaction, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at approximately $5,183,084.50. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial reissued a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research note on Tuesday, November 19th. Finally, Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.26.

QuantumScape Stock Down 0.5 %

The firm has a 50 day moving average of $5.29 and a 200-day moving average of $5.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock has a market capitalization of $2.65 billion, a P/E ratio of -5.45 and a beta of 4.46.

Institutional Trading of QuantumScape

Several institutional investors have recently modified their holdings of QS. Signaturefd LLC lifted its stake in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of QuantumScape in the 4th quarter worth approximately $26,000. International Assets Investment Management LLC lifted its position in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after buying an additional 4,228 shares during the period. Blue Trust Inc. boosted its stake in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after buying an additional 4,556 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in QuantumScape in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Company Profile

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.