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QuantumScape Corporation (NYSE:QS) Director Fritz Prinz Sells 864,708 Shares

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QuantumScape Corporation (NYSE:QS - Get Free Report) Director Fritz Prinz sold 864,708 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $7.02, for a total transaction of $6,070,250.16. Following the completion of the sale, the director directly owned 81,364 shares in the company, valued at approximately $571,175.28. The trade was a 91.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fritz Prinz also recently made the following trade(s):

  • On Thursday, May 22nd, Fritz Prinz sold 61,523 shares of QuantumScape stock. The shares were sold at an average price of $3.94, for a total transaction of $242,400.62.

QuantumScape Stock Up 16.5%

QS traded up $1.16 during trading on Tuesday, reaching $8.17. 73,015,118 shares of the stock were exchanged, compared to its average volume of 14,482,906. The stock has a market cap of $4.57 billion, a P/E ratio of -8.98 and a beta of 4.42. QuantumScape Corporation has a twelve month low of $3.40 and a twelve month high of $9.52. The stock's 50 day moving average price is $4.62 and its two-hundred day moving average price is $4.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.66 and a current ratio of 16.66.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data 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 in the prior year, the company earned ($0.24) EPS. Equities analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. TD Cowen upgraded shares of QuantumScape to a "hold" rating in a research report on Monday. UBS Group cut shares of QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.19.

Check Out Our Latest Stock Report on QuantumScape

Institutional Investors Weigh In On QuantumScape

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in shares of QuantumScape by 2,086.1% in the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company's stock valued at $25,000 after buying an additional 5,841 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at approximately $26,000. Federated Hermes Inc. grew its holdings in shares of QuantumScape by 660.0% during the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock valued at $26,000 after purchasing an additional 5,438 shares during the last quarter. Hollencrest Capital Management grew its holdings in shares of QuantumScape by 333.3% during the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock valued at $27,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of QuantumScape during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 29.87% of the company's stock.

About QuantumScape

(Get Free Report)

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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Insider Buying and Selling by Quarter for QuantumScape (NYSE:QS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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