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

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.22, for a total transaction of $67,379.76. Following the completion of the transaction, the director now directly owns 228,287 shares in the company, valued at $1,191,658.14. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

QuantumScape Stock Down 2.9 %

QS traded down $0.16 during trading on Friday, reaching $5.18. The company had a trading volume of 15,076,086 shares, compared to its average volume of 15,879,275. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. QuantumScape Co. has a 12 month low of $4.65 and a 12 month high of $9.52. The business’s fifty day moving average price is $5.29 and its 200 day moving average price is $5.40. The company has a market cap of $2.65 billion, a P/E ratio of -5.51 and a beta of 4.45.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Equities analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of QuantumScape by 2.6% in the fourth quarter. Ieq Capital LLC now owns 87,370 shares of the company’s stock valued at $453,000 after purchasing an additional 2,200 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of QuantumScape by 2.0% in the fourth quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company’s stock valued at $595,000 after purchasing an additional 2,300 shares during the last quarter. Xponance Inc. raised its holdings in shares of QuantumScape by 17.8% in the fourth quarter. Xponance Inc. now owns 15,862 shares of the company’s stock valued at $82,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of QuantumScape by 2.3% in the fourth quarter. Arizona State Retirement System now owns 111,364 shares of the company’s stock valued at $578,000 after purchasing an additional 2,483 shares during the last quarter. Institutional investors own 29.87% of the company’s stock.

Analysts Set New Price Targets

QS has been the topic of several recent analyst reports. Evercore ISI reduced their price objective on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Tuesday. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a research note on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Finally, Truist Financial reduced their price objective on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.06.

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.