Investors Purchase Large Volume of Call Options on QuantumScape (NYSE:QS)

QuantumScape Co. (NYSE:QS) was the target of unusually large options trading on Wednesday. Investors bought 38,159 call options on the company. This is an increase of 56% compared to the average daily volume of 24,445 call options.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the transaction, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jagdeep Singh sold 5,531 shares of the company’s 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 transaction, the director now directly owns 2,590,583 shares of the company’s stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 606,197 shares of company stock valued at $3,498,399 over the last three months. Company insiders own 12.03% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in QuantumScape by 6,650.0% during the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock worth $776,000 after acquiring an additional 133,000 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in QuantumScape during the 2nd quarter worth approximately $1,950,000. Sanctuary Advisors LLC acquired a new stake in QuantumScape in the second quarter valued at $680,000. Susquehanna Fundamental Investments LLC bought a new position in shares of QuantumScape during the second quarter worth about $644,000. Finally, American Century Companies Inc. lifted its position in shares of QuantumScape by 880.6% in the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after purchasing an additional 316,361 shares during the period. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Stock Performance

NYSE:QS opened at $5.06 on Friday. 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 has a fifty-two week low of $4.65 and a fifty-two week high of $10.03. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -5.32 and a beta of 4.60. The stock has a fifty day moving average price of $5.43 and a 200-day moving average price of $5.74.

QuantumScape (NYSE:QS) last released its 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 quarter in the previous year, the company earned ($0.23) EPS. As a group, equities analysts anticipate that QuantumScape will post -0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on QS. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a research report on Tuesday, September 10th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a research report on Tuesday. Wolfe Research started coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating for the company. Finally, Truist Financial reaffirmed a “hold” rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a report 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. According to data from MarketBeat.com, QuantumScape currently has an average rating of “Hold” and an average price target of $6.26.

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.