Insider Selling: QuantumScape Co. (NYSE:QS) Director Sells 79,006 Shares of Stock

QuantumScape Co. (NYSE:QSGet Free Report) Director Jagdeep Singh sold 79,006 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $5.03, for a total value of $397,400.18. Following the transaction, the director now owns 2,809,253 shares of the company’s stock, valued at $14,130,542.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jagdeep Singh also recently made the following trade(s):

  • On Monday, July 8th, Jagdeep Singh sold 113,264 shares of QuantumScape stock. The stock was sold at an average price of $5.04, for a total transaction of $570,850.56.
  • On Thursday, June 13th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The stock was sold at an average price of $5.35, for a total transaction of $1,028,644.50.
  • On Friday, May 31st, Jagdeep Singh sold 192,280 shares of QuantumScape stock. The shares were sold at an average price of $5.85, for a total transaction of $1,124,838.00.

QuantumScape Price Performance

Shares of QS traded up $0.23 during midday trading on Tuesday, hitting $5.30. 6,048,050 shares of the company traded hands, compared to its average volume of 7,835,353. QuantumScape Co. has a 52 week low of $4.67 and a 52 week high of $13.86. 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 firm has a 50 day moving average of $5.44 and a 200-day moving average of $6.15. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -5.28 and a beta of 4.62.

QuantumScape (NYSE:QSGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share (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 EPS for the current fiscal year.

Analysts Set New Price Targets

QS has been the subject of a number of analyst reports. Truist Financial cut their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. UBS Group cut 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.67.

Get Our Latest Research Report on QS

Hedge Funds Weigh In On QuantumScape

Several large investors have recently modified their holdings of QS. Citigroup Inc. raised its position in QuantumScape by 97.7% in the 3rd quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock worth $703,000 after purchasing an additional 51,934 shares during the period. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of QuantumScape by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock worth $77,000 after buying an additional 2,861 shares during the period. Victory Capital Management Inc. lifted its stake in shares of QuantumScape by 26.4% during the 4th quarter. Victory Capital Management Inc. now owns 43,752 shares of the company’s stock worth $304,000 after acquiring an additional 9,135 shares during the last quarter. Scotia Capital Inc. bought a new stake in shares of QuantumScape during the 3rd quarter worth approximately $95,000. Finally, HBK Sorce Advisory LLC boosted its holdings in QuantumScape by 11.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock valued at $150,000 after acquiring an additional 2,264 shares during the period. Institutional investors own 29.87% of the company’s stock.

QuantumScape Company Profile

(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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Insider Buying and Selling by Quarter for QuantumScape (NYSE:QS)

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