QuantumScape Co. (NYSE:QS) Insider Michael O. Mccarthy III Sells 27,305 Shares

QuantumScape Co. (NYSE:QS) insider Michael O. Mccarthy III sold 27,305 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.07, for a total transaction of $138,436.35. Following the completion of the sale, the insider now directly owns 1,129,167 shares of the company’s stock, valued at $5,724,876.69. This trade represents a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

QuantumScape Trading Up 2.4 %

NYSE:QS opened at $5.16 on Monday. The company has a market cap of $2.64 billion, a PE ratio of -5.43 and a beta of 4.60. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $10.03. The business’s 50 day moving average is $5.41 and its two-hundred day moving average is $5.74. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its earnings results 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 previous year, the business earned ($0.23) earnings per share. On average, analysts predict that QuantumScape Co. will post -0.97 EPS for the current year.

Hedge Funds Weigh In On QuantumScape

A number of institutional investors have recently bought and sold shares of QS. Vanguard Group Inc. lifted its stake in 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 buying an additional 656,646 shares in the last quarter. State Street Corp raised its holdings in shares of QuantumScape by 1.5% during the third quarter. State Street Corp now owns 5,918,496 shares of the company’s stock valued at $34,031,000 after acquiring an additional 87,563 shares during the period. Geode Capital Management LLC lifted its position in shares of QuantumScape by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after acquiring an additional 218,743 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in QuantumScape by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company’s stock worth $12,806,000 after purchasing an additional 93,826 shares during the period. Finally, Janus Henderson Group PLC grew its position in QuantumScape by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company’s stock worth $11,482,000 after purchasing an additional 25,347 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

QS has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Wolfe Research began coverage on QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating for the company. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, QuantumScape has a consensus rating of “Hold” and an average price target of $6.26.

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.