QuantumScape Co. (NYSE:QS) Insider Sells $138,436.35 in Stock

QuantumScape Co. (NYSE:QS) insider Michael O. Mccarthy III sold 27,305 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.07, for a total transaction of $138,436.35. Following the completion of the sale, the insider now owns 1,129,167 shares of the company’s stock, valued at $5,724,876.69. This trade represents a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

QuantumScape Stock Up 2.4 %

QuantumScape stock opened at $5.16 on Monday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -5.43 and a beta of 4.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. QuantumScape Co. has a fifty-two week low of $4.65 and a fifty-two week high of $10.03. The stock’s fifty day moving average is $5.41 and its two-hundred day moving average is $5.74.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter in the previous year, the business earned ($0.23) EPS. Analysts predict that QuantumScape Co. will post -0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QS. Signaturefd LLC lifted its stake in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares in the last quarter. CWM LLC boosted its stake in shares of QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after acquiring an additional 2,556 shares during the last quarter. Mather Group LLC. purchased a new stake in QuantumScape during the 2nd quarter worth about $36,000. Finally, Alaska Wealth Advisors acquired a new position in QuantumScape in the 2nd quarter valued at about $49,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on QS shares. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Wolfe Research began coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating for the company. Truist Financial reissued a “hold” rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, QuantumScape has a consensus rating of “Hold” and a consensus target price of $6.26.

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.