QuantumScape Co. (NYSE:QS) Director Sells $67,379.76 in Stock

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the completion of the sale, the director now owns 228,287 shares in the company, valued at $1,191,658.14. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

QuantumScape Trading Down 2.9 %

Shares of QS stock opened at $5.18 on Monday. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52. The company has a market capitalization of $2.65 billion, a P/E ratio of -5.51 and a beta of 4.45. The firm has a 50-day moving average price of $5.29 and a 200 day moving average price of $5.40. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Research analysts forecast that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuantumScape

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after purchasing an additional 133,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of QuantumScape by 3.9% in the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock worth $33,671,000 after acquiring an additional 218,743 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of QuantumScape in the third quarter worth about $828,000. SG Americas Securities LLC raised its stake in shares of QuantumScape by 127.0% in the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock worth $1,062,000 after acquiring an additional 114,504 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of QuantumScape by 326.5% in the third quarter. Barclays PLC now owns 104,333 shares of the company’s stock worth $599,000 after acquiring an additional 79,871 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Truist Financial decreased their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a report on Tuesday, November 19th. Evercore ISI reduced their price objective on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, QuantumScape currently has a consensus rating of “Hold” and an average target price of $6.06.

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.