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

QuantumScape Co. (NYSE:QS - Get Free Report) Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now directly owns 228,287 shares in the company, valued at approximately $1,191,658.14. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

QuantumScape Stock Down 0.3 %

QuantumScape stock traded down $0.02 during trading hours on Tuesday, hitting $4.99. The stock had a trading volume of 11,265,546 shares, compared to its average volume of 15,639,959. The stock's 50-day moving average price is $5.30 and its 200-day moving average price is $5.39. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52. 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 stock has a market capitalization of $2.55 billion, a P/E ratio of -5.30 and a beta of 4.45.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). Equities research analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Remove Ads

Institutional Investors Weigh In On QuantumScape

Several institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its position in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after buying an additional 2,148 shares during the last quarter. Ieq Capital LLC grew its stake in shares of QuantumScape by 2.6% in the fourth quarter. Ieq Capital LLC now owns 87,370 shares of the company's stock worth $453,000 after acquiring an additional 2,200 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of QuantumScape by 2.0% during the fourth quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company's stock valued at $595,000 after purchasing an additional 2,300 shares during the last quarter. Xponance Inc. lifted its position in QuantumScape by 17.8% during the fourth quarter. Xponance Inc. now owns 15,862 shares of the company's stock valued at $82,000 after purchasing an additional 2,400 shares during the period. Finally, Arizona State Retirement System boosted its holdings in QuantumScape by 2.3% in the fourth quarter. Arizona State Retirement System now owns 111,364 shares of the company's stock worth $578,000 after purchasing an additional 2,483 shares during the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QS has been the subject of several recent research reports. HSBC raised 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. Truist Financial lowered their price target on shares of 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 reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday. Finally, Hsbc Global Res raised QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have given a hold 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.

About QuantumScape

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.