QuantumScape (NYSE:QS) Director Jeffrey Straubel Sells 157,171 Shares

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 157,171 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $16.93, for a total transaction of $2,660,905.03. Following the sale, the director directly owned 293,934 shares in the company, valued at $4,976,302.62. This trade represents a 34.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

QuantumScape Stock Performance

QS stock opened at $16.57 on Friday. The firm has a market cap of $9.96 billion, a PE ratio of -20.46 and a beta of 4.83. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $13.46 and a 200-day moving average price of $9.02. QuantumScape Corporation has a 1-year low of $3.40 and a 1-year high of $19.07.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The business had revenue of ($36.67) million for the quarter. During the same period in the prior year, the company earned ($0.23) earnings per share. As a group, equities research analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on QS shares. Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of QuantumScape and gave the company a “hold” rating in a research note on Thursday, October 23rd. Robert W. Baird increased their price objective on shares of QuantumScape from $6.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, TD Cowen raised their target price on QuantumScape from $5.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Eight investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $7.66.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. M&T Bank Corp increased its holdings in QuantumScape by 97.2% during the 1st quarter. M&T Bank Corp now owns 39,964 shares of the company’s stock worth $166,000 after purchasing an additional 19,694 shares in the last quarter. Perbak Capital Partners LLP bought a new position in shares of QuantumScape in the first quarter valued at approximately $353,000. Nuveen LLC purchased a new position in shares of QuantumScape during the first quarter valued at approximately $2,819,000. CacheTech Inc. bought a new stake in QuantumScape during the first quarter worth $130,000. Finally, Private Advisory Group LLC raised its position in QuantumScape by 17.1% in the 1st quarter. Private Advisory Group LLC now owns 447,478 shares of the company’s stock valued at $1,862,000 after buying an additional 65,237 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.