QuantumScape (NYSE:QS) Stock Price Down 0.2%

QuantumScape Co. (NYSE:QS) fell 0.2% during trading on Wednesday . The stock traded as low as $5.37 and last traded at $5.41. 942,502 shares were traded during mid-day trading, a decline of 90% from the average session volume of 9,231,359 shares. The stock had previously closed at $5.42.

Wall Street Analyst Weigh In

Several research firms have commented on QS. Robert W. Baird boosted their target price on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Truist Financial cut their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Finally, UBS Group cut their target price on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.09.

QuantumScape Trading Down 0.4 %

The company has a market cap of $2.68 billion, a P/E ratio of -5.64 and a beta of 4.76. The company has a current ratio of 10.38, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $5.88 and a 200-day moving average price of $6.41.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the prior year, the company posted ($0.25) earnings per share. Analysts forecast that QuantumScape Co. will post -0.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey B. Straubel sold 69,309 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares of the company’s stock, valued at approximately $1,966,567.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total transaction of $226,329.78. Following the sale, the chief financial officer now directly owns 554,553 shares of the company’s stock, valued at approximately $3,626,776.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the sale, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 194,970 shares of company stock valued at $1,250,775. 10.18% of the stock is owned by insiders.

Institutional Trading of QuantumScape

Several large investors have recently modified their holdings of QS. Vanguard Group Inc. grew its holdings in shares of QuantumScape by 23.3% during the 3rd quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after purchasing an additional 5,483,319 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in QuantumScape by 240.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,256,034 shares of the company’s stock valued at $26,770,000 after buying an additional 3,004,964 shares in the last quarter. Norges Bank acquired a new stake in QuantumScape in the fourth quarter valued at about $18,482,000. Baillie Gifford & Co. boosted its stake in QuantumScape by 53.6% in the third quarter. Baillie Gifford & Co. now owns 2,581,225 shares of the company’s stock valued at $17,268,000 after buying an additional 900,249 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in QuantumScape in the fourth quarter valued at about $1,560,000. 29.87% of the stock is owned by institutional investors and hedge funds.

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.