QuantumScape Corporation (NYSE:QS – Get Free Report) was the target of some unusual options trading on Monday. Investors purchased 80,729 call options on the stock. This represents an increase of approximately 130% compared to the average daily volume of 35,137 call options.
Analyst Ratings Changes
A number of brokerages recently issued reports on QS. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Robert W. Baird set a $12.00 price target on QuantumScape in a report on Thursday, February 12th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and lowered their price target for the company from $10.50 to $8.30 in a report on Wednesday, February 18th. Finally, Morgan Stanley lowered their price target on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $11.13.
Check Out Our Latest Analysis on QS
QuantumScape Stock Up 9.9%
QuantumScape (NYSE:QS – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same period last year, the company earned ($0.21) EPS. Analysts predict that QuantumScape will post -0.82 earnings per share for the current fiscal year.
Insider Buying and Selling at QuantumScape
In related news, insider Michael O. Mccarthy III sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.73, for a total value of $302,850.00. Following the completion of the sale, the insider owned 954,219 shares in the company, valued at approximately $6,421,893.87. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Timothy Holme sold 127,077 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $7.10, for a total value of $902,246.70. Following the completion of the sale, the chief technology officer owned 1,122,348 shares of the company’s stock, valued at $7,968,670.80. The trade was a 10.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 716,925 shares of company stock worth $4,877,077 over the last 90 days. Company insiders own 5.48% of the company’s stock.
Institutional Investors Weigh In On QuantumScape
Large investors have recently made changes to their positions in the stock. Tsfg LLC boosted its holdings in QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,400 shares during the last quarter. REAP Financial Group LLC boosted its holdings in QuantumScape by 300.0% in the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in QuantumScape in the fourth quarter valued at $25,000. Russell Investments Group Ltd. boosted its holdings in QuantumScape by 685.5% in the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after purchasing an additional 3,311 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in QuantumScape by 538.7% in the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after purchasing an additional 1,950 shares during the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.
QuantumScape Company Profile
QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.
Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.
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