QuantumScape Co. (NYSE:QS) Insider Sells $399,127.45 in Stock

QuantumScape Co. (NYSE:QS) insider Michael O. Mccarthy III sold 76,315 shares of QuantumScape stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the completion of the transaction, the insider now directly owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. The trade was a 7.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

QuantumScape Stock Performance

Shares of QS stock opened at $5.18 on Friday. 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 business has a fifty day moving average of $5.29 and a 200 day moving average of $5.40. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -5.51 and a beta of 4.45. QuantumScape Co. has a 1 year low of $4.65 and a 1 year high of $9.52.

QuantumScape (NYSE:QS) 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, research analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QS. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Evercore ISI lowered their price objective on QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial reduced their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.06.

Institutional Trading of QuantumScape

Several large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in QuantumScape during the fourth quarter valued at $17,762,000. Dimensional Fund Advisors LP raised its stake in shares of QuantumScape by 55.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock valued at $30,183,000 after buying an additional 2,066,844 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of QuantumScape by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock valued at $168,367,000 after buying an additional 956,072 shares during the period. Centiva Capital LP boosted its stake in shares of QuantumScape by 479.0% in the fourth quarter. Centiva Capital LP now owns 558,715 shares of the company’s stock worth $2,900,000 after buying an additional 462,218 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in QuantumScape by 1,091.5% during the fourth quarter. American Century Companies Inc. now owns 432,455 shares of the company’s stock worth $2,244,000 after acquiring an additional 396,160 shares during the period. 29.87% of the stock is owned by hedge funds and other institutional investors.

QuantumScape Company Profile

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.