QuantumScape (NYSE:QS) Shares Down 0.8% After Insider Selling

QuantumScape Co. (NYSE:QS - Get Free Report)'s stock price fell 0.8% on Monday following insider selling activity. The stock traded as low as $4.65 and last traded at $4.70. 2,766,546 shares traded hands during trading, a decline of 69% from the average session volume of 8,821,836 shares. The stock had previously closed at $4.74.

Specifically, Director Jagdeep Singh sold 5,531 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the transaction, the director now owns 2,590,583 shares of the company's stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wolfe Research assumed coverage on QuantumScape in a research note on Thursday, September 5th. They set an "underperform" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, QuantumScape has an average rating of "Hold" and a consensus price target of $6.14.

QuantumScape Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -4.95 and a beta of 4.60. The business has a 50-day simple moving average of $5.49 and a 200-day simple moving average of $5.76.

QuantumScape (NYSE:QS - Get Free Report) last released 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 last year, the firm posted ($0.23) earnings per share. On average, equities analysts anticipate that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QS. SG Americas Securities LLC increased its holdings in shares of QuantumScape by 11.7% in the 1st quarter. SG Americas Securities LLC now owns 75,158 shares of the company's stock valued at $473,000 after acquiring an additional 7,879 shares during the last quarter. Swiss National Bank grew its stake in QuantumScape by 9.3% during the 1st quarter. Swiss National Bank now owns 678,800 shares of the company's stock worth $4,270,000 after buying an additional 58,000 shares during the last quarter. Entropy Technologies LP purchased a new position in QuantumScape during the 1st quarter worth approximately $92,000. Vanguard Group Inc. grew its stake in QuantumScape by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company's stock worth $191,750,000 after buying an additional 656,646 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake in QuantumScape by 38.5% during the 1st quarter. Edgestream Partners L.P. now owns 298,643 shares of the company's stock worth $1,878,000 after buying an additional 82,951 shares during the last quarter. Hedge funds and other institutional investors 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.