QuantumScape Co. (NYSE:QS) Director Fritz Prinz Sells 12,908 Shares

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the transaction, the director now owns 241,195 shares of the company’s stock, valued at approximately $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

QuantumScape Price Performance

Shares of QS opened at $5.16 on Friday. The firm has a fifty day moving average price of $5.41 and a 200 day moving average price of $5.74. The stock has a market cap of $2.64 billion, a PE ratio of -5.43 and a beta of 4.60. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $10.03. 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 released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period in the previous year, the firm posted ($0.23) earnings per share. As a group, sell-side analysts anticipate that QuantumScape Co. will post -0.97 EPS for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On QuantumScape

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its position in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares during the period. International Assets Investment Management LLC grew its stake in shares of QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after purchasing an additional 4,228 shares during the last quarter. CWM LLC increased its holdings 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 during the period. Mather Group LLC. purchased a new stake in shares of QuantumScape during the second quarter worth approximately $36,000. Finally, Alaska Wealth Advisors acquired a new stake in shares of QuantumScape during the second quarter worth $49,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

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.