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

QuantumScape Co. (NYSE:QS) Director Jagdeep Singh sold 5,531 shares of QuantumScape stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $5.01, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

QuantumScape Trading Down 2.3 %

QuantumScape stock opened at $4.74 on Monday. The business’s 50-day simple moving average is $5.49 and its 200-day simple moving average is $5.76. QuantumScape Co. has a 52 week low of $4.67 and a 52 week high of $10.03. The firm has a market capitalization of $2.43 billion, a PE ratio of -4.99 and a beta of 4.60. 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 issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the company earned ($0.23) earnings per share. Equities research analysts forecast that QuantumScape Co. will post -0.97 earnings per share for the current year.

Analyst Ratings Changes

QS has been the topic of several analyst reports. Wolfe Research assumed coverage on shares of QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.14.

Hedge Funds Weigh In On QuantumScape

Several large investors have recently bought and sold shares of QS. Signaturefd LLC grew its position in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the last quarter. International Assets Investment Management LLC increased its stake in 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 acquiring an additional 4,228 shares during the period. CWM LLC raised its stake in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares in the last quarter. Mather Group LLC. acquired a new position in shares of QuantumScape in the 2nd quarter valued at $36,000. Finally, Alaska Wealth Advisors bought a new position in QuantumScape during the second quarter worth about $49,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.