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

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.

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

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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