QuantumScape Co. (NYSE:QS) Director Fritz Prinz Sells 12,908 Shares

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the sale, the director now owns 228,287 shares of the company’s stock, valued at approximately $1,191,658.14. This represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

QuantumScape Trading Down 2.9 %

Shares of QS stock opened at $5.18 on Friday. The business’s fifty day moving average price is $5.29 and its 200 day moving average price is $5.40. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $9.52. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, sell-side analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Institutional Trading of QuantumScape

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in QuantumScape by 3.0% during the fourth 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 during the period. State Street Corp lifted its position in QuantumScape by 1.5% during the third quarter. State Street Corp now owns 5,918,496 shares of the company’s stock worth $34,031,000 after buying an additional 87,563 shares during the period. Geode Capital Management LLC lifted its position in QuantumScape by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company’s stock worth $30,538,000 after buying an additional 28,073 shares during the period. Dimensional Fund Advisors LP lifted its position in QuantumScape by 55.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock worth $30,183,000 after buying an additional 2,066,844 shares during the period. Finally, Norges Bank purchased a new position in QuantumScape during the fourth quarter worth about $17,762,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QS has been the topic of a number of recent research reports. Hsbc Global Res raised QuantumScape to a “hold” rating in a report on Tuesday, November 19th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Truist Financial dropped their target price on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Evercore ISI dropped their target price on QuantumScape from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, QuantumScape has an average rating of “Hold” and an average target price of $6.06.

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.