QuantumScape Corporation (NYSE:QS - Get Free Report) insider Mohit Singh sold 465,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $8.21, for a total transaction of $3,817,650.00. Following the transaction, the insider directly owned 1,641,711 shares of the company's stock, valued at approximately $13,478,447.31. This trade represents a 22.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Mohit Singh also recently made the following trade(s):
- On Wednesday, June 25th, Mohit Singh sold 290,000 shares of QuantumScape stock. The stock was sold at an average price of $5.96, for a total transaction of $1,728,400.00.
- On Thursday, June 26th, Mohit Singh sold 325,000 shares of QuantumScape stock. The stock was sold at an average price of $7.21, for a total transaction of $2,343,250.00.
- On Monday, May 19th, Mohit Singh sold 71,428 shares of QuantumScape stock. The stock was sold at an average price of $4.41, for a total transaction of $314,997.48.
QuantumScape Stock Up 1.4%
Shares of NYSE:QS traded up $0.13 during midday trading on Friday, hitting $9.22. 55,418,253 shares of the company's stock traded hands, compared to its average volume of 14,528,246. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.66 and a current ratio of 16.66. The company has a market cap of $5.15 billion, a PE ratio of -10.13 and a beta of 4.42. The firm's fifty day moving average price is $5.00 and its two-hundred day moving average price is $4.80. QuantumScape Corporation has a twelve month low of $3.40 and a twelve month high of $9.77.
QuantumScape (NYSE:QS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same quarter last year, the business posted ($0.24) EPS. On average, equities research analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.
Hedge Funds Weigh In On QuantumScape
Institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in QuantumScape by 362.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 379,018 shares of the company's stock worth $1,577,000 after buying an additional 297,097 shares in the last quarter. Raymond James Financial Inc. acquired a new position in QuantumScape in the 4th quarter worth $1,527,000. Charles Schwab Investment Management Inc. lifted its holdings in QuantumScape by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock worth $12,103,000 after buying an additional 104,894 shares in the last quarter. Vanguard Group Inc. lifted its holdings in QuantumScape by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock worth $168,367,000 after buying an additional 956,072 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in QuantumScape by 1,091.5% in the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company's stock worth $2,244,000 after buying an additional 396,160 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on QS. TD Cowen upgraded shares of QuantumScape to a "hold" rating in a research report on Monday, July 7th. The Goldman Sachs Group decreased their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a report on Monday, April 28th. Robert W. Baird decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and decreased their price target for the company from $5.00 to $2.50 in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.19.
Check Out Our Latest Research Report on QS
About QuantumScape
(
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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.
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