QuantumScape Co. (NYSE:QS) Insider Michael O. Mccarthy III Sells 76,315 Shares of Stock

QuantumScape Co. (NYSE:QS) insider Michael O. Mccarthy III sold 76,315 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $399,127.45. Following the completion of the sale, the insider now directly owns 1,010,523 shares in the company, valued at $5,285,035.29. This represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

QuantumScape Stock Down 2.9 %

Shares of QS stock opened at $5.18 on Friday. QuantumScape Co. has a one year low of $4.65 and a one year high of $9.52. The company’s 50-day moving average is $5.29 and its 200 day moving average is $5.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Sell-side analysts forecast that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on QS shares. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a research report on Tuesday, November 19th. Truist Financial reduced their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Evercore ISI reduced their target price on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, QuantumScape presently has a consensus rating of “Hold” and a consensus target price of $6.06.

Institutional Trading of QuantumScape

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares during the period. Ieq Capital LLC lifted its stake in QuantumScape by 2.6% during the 4th quarter. Ieq Capital LLC now owns 87,370 shares of the company’s stock valued at $453,000 after acquiring an additional 2,200 shares during the period. Handelsbanken Fonder AB lifted its stake in QuantumScape by 2.0% during the 4th quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company’s stock valued at $595,000 after acquiring an additional 2,300 shares during the period. Xponance Inc. lifted its stake in QuantumScape by 17.8% during the 4th quarter. Xponance Inc. now owns 15,862 shares of the company’s stock valued at $82,000 after acquiring an additional 2,400 shares during the period. Finally, Arizona State Retirement System lifted its stake in QuantumScape by 2.3% during the 4th quarter. Arizona State Retirement System now owns 111,364 shares of the company’s stock valued at $578,000 after acquiring an additional 2,483 shares during the period. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.