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

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

QuantumScape Stock Down 2.9 %

Shares of NYSE QS opened at $5.18 on Monday. The stock has a market cap of $2.65 billion, a P/E ratio of -5.51 and a beta of 4.45. The firm has a 50 day moving average price of $5.29 and a 200 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 Co. has a 52-week low of $4.65 and a 52-week high of $9.52.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Analysts expect 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 company. Vanguard Group Inc. lifted its stake in QuantumScape by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock valued at $168,367,000 after buying an additional 956,072 shares in the last quarter. State Street Corp lifted its stake in QuantumScape by 1.5% in the third quarter. State Street Corp now owns 5,918,496 shares of the company’s stock valued at $34,031,000 after buying an additional 87,563 shares in the last quarter. Geode Capital Management LLC lifted its stake in QuantumScape by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company’s stock valued at $30,538,000 after buying an additional 28,073 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in QuantumScape by 55.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock valued at $30,183,000 after buying an additional 2,066,844 shares in the last quarter. Finally, Norges Bank bought a new position in QuantumScape in the fourth quarter valued at approximately $17,762,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Ratings Changes

QS has been the subject of several analyst reports. Evercore ISI lowered their price target on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial lowered their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, QuantumScape has an average rating of “Hold” and a consensus target price of $6.06.

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.