Michael O. Mccarthy III Sells 27,305 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) insider Michael O. Mccarthy III sold 27,305 shares of QuantumScape stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $5.07, for a total value of $138,436.35. Following the completion of the transaction, the insider now owns 1,129,167 shares in the company, valued at $5,724,876.69. This trade represents a 2.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

QuantumScape Trading Up 2.4 %

QuantumScape stock opened at $5.16 on Friday. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $10.03. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -5.43 and a beta of 4.60. The stock has a 50-day moving average price of $5.41 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 analysts’ consensus estimates of ($0.21) by ($0.02). During the same period in the previous year, the business earned ($0.23) earnings per share. Sell-side analysts anticipate that QuantumScape Co. will post -0.97 EPS for the current year.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently modified their holdings of QS. Signaturefd LLC lifted its holdings in shares of QuantumScape by 79.9% during the third 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 period. International Assets Investment Management LLC lifted its holdings in QuantumScape by 475.1% in 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 lifted its holdings in 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 acquiring an additional 2,556 shares during the period. Mather Group LLC. acquired a new position in QuantumScape in the second quarter valued at approximately $36,000. Finally, Alaska Wealth Advisors acquired a new position in QuantumScape in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on QS. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. Truist Financial reiterated a “hold” rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Hsbc Global Res raised QuantumScape to a “hold” rating in a report on Tuesday, November 19th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a report on Tuesday, November 19th. Finally, Wolfe Research initiated coverage on QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating for the company. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, QuantumScape has an average rating of “Hold” and a consensus target price 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.