QuantumScape Co. (NYSE:QS - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock investors bought 61,536 call options on the stock. This is an increase of approximately 46% compared to the typical volume of 42,032 call options.
Insiders Place Their Bets
In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of the transaction, the director now owns 241,195 shares in the company, valued at $1,215,622.80. This represents a 5.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Hettrich sold 55,647 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total value of $281,017.35. Following the transaction, the chief financial officer now owns 1,022,743 shares of the company's stock, valued at $5,164,852.15. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 567,878 shares of company stock valued at $3,062,871. 12.03% of the stock is currently owned by corporate insiders.
Institutional Trading of QuantumScape
A number of hedge funds and other institutional investors have recently made changes to their positions in QS. Signaturefd LLC boosted its stake in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after acquiring an additional 2,148 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in QuantumScape during the fourth quarter worth about $26,000. International Assets Investment Management LLC boosted its holdings 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. Blue Trust Inc. boosted its holdings in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after buying an additional 4,556 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in QuantumScape in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 29.87% of the company's stock.
QuantumScape Stock Up 1.6 %
QS stock traded up $0.09 on Friday, hitting $5.26. 15,380,043 shares of the company's stock were exchanged, compared to its average volume of 12,386,714. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $5.27 and a two-hundred day moving average price of $5.43. QuantumScape has a 12-month low of $4.65 and a 12-month high of $9.52.
QuantumScape (NYSE:QS - Get Free Report) last posted 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). Analysts forecast that QuantumScape will post -0.99 EPS for the current year.
Analyst Ratings Changes
Several research firms have recently weighed in on QS. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Finally, Truist Financial decreased their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, QuantumScape presently has a consensus rating of "Hold" and an average target price of $5.58.
Get Our Latest Report on QuantumScape
QuantumScape Company Profile
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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.
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