Insider Selling: QuantumScape Co. (NYSE:QS) Insider Sells 76,315 Shares of Stock

QuantumScape Co. (NYSE:QS - Get Free Report) insider Michael O. Mccarthy III sold 76,315 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the completion of the transaction, the insider now directly owns 1,010,523 shares of the company's stock, valued at approximately $5,285,035.29. This trade represents a 7.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

QuantumScape Price Performance

NYSE QS traded down $0.02 on Tuesday, hitting $4.99. The company had a trading volume of 11,265,546 shares, compared to its average volume of 15,639,959. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company's fifty day moving average price is $5.30 and its 200-day moving average price is $5.39. The company has a market capitalization of $2.55 billion, a PE ratio of -5.30 and a beta of 4.45. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52.

QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). As a group, analysts predict that QuantumScape Co. will post -0.82 earnings per share for the current year.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on QS shares. Truist Financial dropped their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target on the stock in a research report on Tuesday, November 19th. Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. Finally, Evercore ISI restated a "hold" rating on shares of QuantumScape in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $6.06.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds have recently made changes to their positions in QS. Signaturefd LLC boosted its stake in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after acquiring an additional 2,148 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in QuantumScape in the 4th quarter valued at $26,000. International Assets Investment Management LLC boosted its stake in QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after purchasing an additional 4,228 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of QuantumScape during the fourth quarter worth $29,000. Finally, Blue Trust Inc. raised its position in shares of QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock valued at $39,000 after buying an additional 4,556 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.

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.