QuantumScape Co. (NYSE:QS) Director Sells $27,710.31 in Stock

QuantumScape Co. (NYSE:QS) Director Jagdeep Singh sold 5,531 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.01, for a total transaction of $27,710.31. Following the sale, the director now owns 2,590,583 shares of the company’s stock, valued at approximately $12,978,820.83. This represents a 0.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, October 7th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The stock was sold at an average price of $5.53, for a total transaction of $1,063,253.10.
• On Tuesday, September 17th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The shares were sold at an average price of $5.99, for a total transaction of $1,151,697.30.

QuantumScape Stock Performance

Shares of QuantumScape stock traded down $0.11 during mid-day trading on Friday, hitting $4.74. 8,750,364 shares of the stock were exchanged, compared to its average volume of 8,848,734. The company has a 50-day simple moving average of $5.50 and a 200 day simple moving average of $5.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company has a market capitalization of $2.43 billion, a P/E ratio of -5.06 and a beta of 4.60. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the company posted ($0.23) EPS. Sell-side analysts anticipate that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QS has been the subject of several recent analyst reports. Wolfe Research assumed coverage on QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating for the company. Truist Financial reiterated a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, QuantumScape currently has a consensus rating of “Hold” and a consensus target price of $6.14.

Institutional Trading of QuantumScape

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of QuantumScape by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock valued at $191,750,000 after acquiring an additional 656,646 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in QuantumScape during the 2nd quarter valued at $1,950,000. American Century Companies Inc. increased its position in QuantumScape by 880.6% during the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock valued at $1,733,000 after purchasing an additional 316,361 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of QuantumScape during the 1st quarter valued at $1,002,000. Finally, Weiss Asset Management LP acquired a new position in shares of QuantumScape in the third quarter valued at about $828,000. 29.87% of the stock is currently 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.