QuantumScape (NYSE:QS) Stock Price Down 0.8% Following Insider Selling

Shares of QuantumScape Co. (NYSE:QS) fell 0.8% on Monday following insider selling activity. The company traded as low as $4.65 and last traded at $4.70. 2,766,546 shares traded hands during trading, a decline of 69% from the average session volume of 8,821,836 shares. The stock had previously closed at $4.74.

Specifically, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the completion of 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 filing with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

QS has been the subject of several analyst reports. Wolfe Research assumed coverage on shares of QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating for the company. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Truist Financial reissued a “hold” rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.26.

QuantumScape Stock Up 4.5 %

The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -5.21 and a beta of 4.60. The firm’s fifty day moving average price is $5.46 and its two-hundred day moving average price is $5.75. 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 (NYSE:QS) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period last year, the business earned ($0.23) earnings per share. Sell-side analysts forecast that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Institutional Trading of QuantumScape

A number of hedge funds and other institutional investors have recently bought and sold shares of QS. Signaturefd LLC boosted its holdings in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after buying an additional 4,228 shares in the last quarter. CWM LLC boosted its stake in shares of QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after buying an additional 2,556 shares during the last quarter. Mather Group LLC. purchased a new position in shares of QuantumScape in the 2nd quarter worth approximately $36,000. Finally, Alaska Wealth Advisors bought a new position in shares of QuantumScape in the second quarter valued at approximately $49,000. 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.