QuantumScape Co. (NYSE:QS) Director Sells $67,379.76 in Stock

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now owns 228,287 shares of the company’s stock, valued at $1,191,658.14. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

QuantumScape Stock Performance

Shares of NYSE QS opened at $5.18 on Friday. QuantumScape Co. has a fifty-two week low of $4.65 and a fifty-two week high of $9.52. The business has a 50 day moving average price of $5.29 and a two-hundred day moving average price of $5.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Sell-side analysts predict that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on QS. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Evercore ISI dropped their price target on QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research note on Tuesday, November 19th. Finally, Truist Financial lowered their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and an average price target of $6.06.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of QuantumScape in the 4th quarter worth approximately $26,000. Signaturefd LLC increased its holdings in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after purchasing an additional 2,148 shares during the period. International Assets Investment Management LLC raised its stake in shares of QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after purchasing an additional 4,228 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in QuantumScape in the fourth quarter worth about $29,000. Finally, Blue Trust Inc. grew its position in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after buying an additional 4,556 shares in the last quarter. Institutional investors own 29.87% of the company’s stock.

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.