QuantumScape Co. (NYSE:QS) Insider Sells $129,008.88 in Stock

QuantumScape Co. (NYSE:QS - Get Free Report) insider Michael O. Mccarthy III sold 22,554 shares of the company's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $5.72, for a total value of $129,008.88. Following the completion of the transaction, the insider now owns 1,207,500 shares of the company's stock, valued at $6,906,900. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

QuantumScape Trading Up 0.5 %

Shares of NYSE:QS traded up $0.03 during trading on Tuesday, hitting $5.69. The company had a trading volume of 4,682,954 shares, compared to its average volume of 8,798,646. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -5.93 and a beta of 4.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38. The company has a fifty day simple moving average of $5.74 and a two-hundred day simple moving average of $6.40. QuantumScape Co. has a one year low of $4.92 and a one year high of $13.86.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.02). As a group, equities analysts forecast that QuantumScape Co. will post -0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its position in shares of QuantumScape by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 235,700 shares of the company's stock worth $1,638,000 after acquiring an additional 1,481 shares during the period. Spire Wealth Management raised its position in QuantumScape by 39.0% during the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Xponance Inc. grew its position in shares of QuantumScape by 15.8% during the 4th quarter. Xponance Inc. now owns 12,050 shares of the company's stock worth $84,000 after buying an additional 1,640 shares in the last quarter. C M Bidwell & Associates Ltd. increased its stake in shares of QuantumScape by 37.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company's stock valued at $45,000 after buying an additional 1,835 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of QuantumScape by 8.7% in the third quarter. Principal Financial Group Inc. now owns 23,143 shares of the company's stock valued at $155,000 after acquiring an additional 1,858 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on QS shares. Robert W. Baird raised their target price on shares of QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. UBS Group cut their price objective on QuantumScape from $9.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, April 25th. Finally, Truist Financial decreased their target price on QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, QuantumScape currently has an average rating of "Hold" and an average target price of $6.09.

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.

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