Insider Selling: QuantumScape Co. (NYSE:QS) Director Sells 12,908 Shares of Stock

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total transaction of $67,379.76. Following the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

QuantumScape Stock Performance

QS stock traded down $0.16 during midday trading on Friday, reaching $5.18. 15,076,086 shares of the company were exchanged, compared to its average volume of 15,879,275. 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 50-day moving average price of $5.29 and a two-hundred day moving average price of $5.40. QuantumScape Co. has a one year low of $4.65 and a one year high of $9.52. 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 (NYSE:QS) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Equities research analysts forecast that QuantumScape Co. will post -0.82 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QS shares. Evercore ISI lowered their target price on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Truist Financial lowered their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.06.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors have recently modified their holdings of QS. Signaturefd LLC boosted its position in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares during the period. International Assets Investment Management LLC boosted its position in shares of QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares during the period. PFG Investments LLC boosted its position in shares of QuantumScape by 29.8% in the third quarter. PFG Investments LLC now owns 20,415 shares of the company’s stock valued at $117,000 after acquiring an additional 4,688 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after acquiring an additional 133,000 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in shares of QuantumScape by 137.2% in the third quarter. Pinnacle Associates Ltd. now owns 28,350 shares of the company’s stock valued at $163,000 after acquiring an additional 16,400 shares during the period. 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.