Michael O. Mccarthy III Sells 106,084 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QSGet Free Report) insider Michael O. Mccarthy III sold 106,084 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $5.90, for a total transaction of $625,895.60. Following the completion of the transaction, the insider now owns 1,181,884 shares of the company’s stock, valued at approximately $6,973,115.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

QuantumScape Trading Down 1.3 %

Shares of NYSE QS traded down $0.08 during midday trading on Monday, reaching $5.87. 3,039,573 shares of the stock were exchanged, compared to its average volume of 8,749,158. The stock has a 50 day moving average price of $6.33 and a 200-day moving average price of $5.88. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.93 billion, a P/E ratio of -6.17 and a beta of 4.59. QuantumScape Co. has a 52-week low of $4.67 and a 52-week high of $10.03.

QuantumScape (NYSE:QSGet Free Report) last released its earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period in the previous year, the firm earned ($0.26) EPS. Equities research analysts expect that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on QS shares. Truist Financial restated a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Wolfe Research assumed coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.53.

View Our Latest Research Report on QS

Institutional Investors Weigh In On QuantumScape

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its position in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after acquiring an additional 2,556 shares during the last quarter. Mather Group LLC. acquired a new position in shares of QuantumScape in the 2nd quarter valued at $36,000. Alaska Wealth Advisors acquired a new position in shares of QuantumScape in the 2nd quarter valued at $49,000. StepStone Group LP acquired a new stake in shares of QuantumScape during the 4th quarter worth $56,000. Finally, Financial Advocates Investment Management purchased a new position in shares of QuantumScape in the 2nd quarter worth $58,000. Hedge funds and other 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.

See Also

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

Receive News & Ratings for QuantumScape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuantumScape and related companies with MarketBeat.com's FREE daily email newsletter.