Insider Selling: QuantumScape Co. (NYSE:QS) Director Sells 25,816 Shares of Stock

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 25,816 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $4.87, for a total value of $125,723.92. Following the completion of the transaction, the director now owns 267,011 shares of the company’s stock, valued at approximately $1,300,343.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

QuantumScape Stock Performance

Shares of NYSE QS traded up $0.24 during midday trading on Wednesday, hitting $5.07. 4,010,857 shares of the company’s stock traded hands, compared to its average volume of 7,905,324. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -5.17 and a beta of 4.62. The firm has a fifty day moving average of $5.47 and a 200 day moving average of $6.21. QuantumScape Co. has a 1 year low of $4.67 and a 1 year high of $13.86.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). On average, analysts forecast that QuantumScape Co. will post -0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on QS shares. UBS Group decreased their target price on QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Truist Financial lowered their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, QuantumScape presently has an average rating of “Hold” and an average target price of $6.67.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently bought and sold shares of QS. Spire Wealth Management increased its holdings in QuantumScape by 39.0% in the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of QuantumScape by 595.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after purchasing an additional 5,296 shares during the last quarter. StepStone Group LP bought a new position in QuantumScape during the fourth quarter valued at approximately $56,000. Tower Research Capital LLC TRC grew its holdings in QuantumScape by 57.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,096 shares of the company’s stock valued at $56,000 after buying an additional 2,954 shares in the last quarter. Finally, Evergreen Wealth Solutions LLC bought a new stake in QuantumScape in the 1st quarter worth approximately $64,000. 29.87% of the stock is owned by 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.