QuantumScape Co. (NYSE:QS - Get Free Report) was down 3% during trading on Monday . The stock traded as low as $4.92 and last traded at $5.02. Approximately 6,219,611 shares changed hands during trading, a decline of 61% from the average daily volume of 15,920,391 shares. The stock had previously closed at $5.17.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Truist Financial reissued a "hold" rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Finally, HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $6.26.
Read Our Latest Stock Report on QS
QuantumScape Trading Down 1.7 %
The stock has a market cap of $2.52 billion, a PE ratio of -5.18 and a beta of 4.45. 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's 50-day moving average price is $5.27 and its 200 day moving average price is $5.51.
Insider Transactions at QuantumScape
In other QuantumScape news, CFO Kevin Hettrich sold 55,647 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.05, for a total value of $281,017.35. Following the sale, the chief financial officer now owns 1,022,743 shares of the company's stock, valued at $5,164,852.15. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jagdeep Singh sold 5,531 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the sale, the director now owns 2,590,583 shares in the company, valued at $12,978,820.83. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 573,409 shares of company stock worth $3,090,581. 12.03% of the stock is currently owned by insiders.
Institutional Trading of QuantumScape
Large investors have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of QuantumScape by 1.5% in the third quarter. State Street Corp now owns 5,918,496 shares of the company's stock valued at $34,031,000 after purchasing an additional 87,563 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 218,743 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in QuantumScape by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock valued at $12,103,000 after purchasing an additional 104,894 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of QuantumScape by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company's stock worth $6,785,000 after buying an additional 94,103 shares in the last quarter. Finally, Arthedge Capital Management LLC boosted its stake in shares of QuantumScape by 14.6% in the third quarter. Arthedge Capital Management LLC now owns 723,000 shares of the company's stock valued at $4,157,000 after buying an additional 92,000 shares in the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.
About QuantumScape
(
Get Free Report)
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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