Fritz Prinz Sells 12,908 Shares of QuantumScape Co. (NYSE:QS) 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 value of $67,379.76. Following the completion of the sale, the director now owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

QuantumScape Stock Performance

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

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, equities research analysts expect 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 made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of QuantumScape by 6,650.0% during the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after buying an additional 133,000 shares during the period. Geode Capital Management LLC grew its stake in QuantumScape by 3.9% in the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after purchasing an additional 218,743 shares during the last quarter. Weiss Asset Management LP purchased a new position in QuantumScape in the third quarter valued at about $828,000. SG Americas Securities LLC grew its stake in QuantumScape by 127.0% in the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock valued at $1,062,000 after purchasing an additional 114,504 shares during the last quarter. Finally, Barclays PLC grew its stake in QuantumScape by 326.5% in the third quarter. Barclays PLC now owns 104,333 shares of the company’s stock valued at $599,000 after purchasing an additional 79,871 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

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