QuantumScape Co. (NYSE:QS) Director Fritz Prinz Sells 12,908 Shares

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total value of $65,056.32. Following the transaction, the director now directly owns 241,195 shares in the company, valued at $1,215,622.80. This trade represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

QuantumScape Trading Up 2.4 %

NYSE QS traded up $0.12 on Friday, reaching $5.16. The company had a trading volume of 10,582,433 shares, compared to its average volume of 8,866,104. The business has a 50 day moving average of $5.43 and a two-hundred day moving average of $5.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -5.36 and a beta of 4.60. QuantumScape Co. has a fifty-two week low of $4.65 and a fifty-two week high of $10.03.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period in the previous year, the company earned ($0.23) earnings per share. Analysts forecast that QuantumScape Co. will post -0.97 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on QS. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research started coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating on the stock. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research note on Tuesday. Truist Financial reissued a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.26.

Hedge Funds Weigh In On QuantumScape

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of QuantumScape by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock worth $191,750,000 after purchasing an additional 656,646 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of QuantumScape during the 1st quarter valued at $82,000. Manhattan West Asset Management LLC boosted its position in QuantumScape by 142.7% in the first quarter. Manhattan West Asset Management LLC now owns 68,031 shares of the company’s stock worth $428,000 after purchasing an additional 40,005 shares during the last quarter. Evergreen Wealth Solutions LLC bought a new stake in QuantumScape during the first quarter valued at approximately $64,000. Finally, Janus Henderson Group PLC raised its holdings in QuantumScape by 1.4% in 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 during the period. Hedge funds and other institutional investors own 29.87% of the company’s stock.

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.