QuantumScape (NYSE:QS) Shares Up 0.4%

QuantumScape Co. (NYSE:QS) was up 0.4% during mid-day trading on Monday . The company traded as high as $5.16 and last traded at $5.11. Approximately 798,400 shares changed hands during trading, a decline of 90% from the average daily volume of 8,126,356 shares. The stock had previously closed at $5.09.

Analyst Ratings Changes

Several research firms have recently issued reports on QS. UBS Group lowered their price objective on QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Truist Financial lowered their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.67.

QuantumScape Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38. The company’s 50 day moving average is $5.65 and its 200 day moving average is $6.38. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -5.32 and a beta of 4.69.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Research analysts forecast that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In other news, CFO Kevin Hettrich sold 45,848 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $5.61, for a total value of $257,207.28. Following the sale, the chief financial officer now directly owns 1,145,821 shares in the company, valued at $6,428,055.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 45,848 shares of QuantumScape stock in a transaction on Monday, May 20th. The shares were sold at an average price of $5.61, for a total value of $257,207.28. Following the transaction, the chief financial officer now owns 1,145,821 shares in the company, valued at approximately $6,428,055.81. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jagdeep Singh sold 192,280 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $5.85, for a total transaction of $1,124,838.00. Following the completion of the transaction, the director now owns 2,809,253 shares in the company, valued at approximately $16,434,130.05. The disclosure for this sale can be found here. Insiders sold a total of 487,559 shares of company stock valued at $2,752,186 in the last ninety days. Corporate insiders own 10.18% of the company’s stock.

Institutional Trading of QuantumScape

Several large investors have recently added to or reduced their stakes in QS. Westwood Holdings Group Inc. acquired a new position in shares of QuantumScape during the first quarter worth about $82,000. DekaBank Deutsche Girozentrale acquired a new position in QuantumScape during the 1st quarter worth approximately $1,002,000. Tidal Investments LLC raised its stake in shares of QuantumScape by 202.0% during the first quarter. Tidal Investments LLC now owns 137,755 shares of the company’s stock valued at $866,000 after purchasing an additional 92,142 shares during the period. California State Teachers Retirement System lifted its position in shares of QuantumScape by 2.3% during the first quarter. California State Teachers Retirement System now owns 344,306 shares of the company’s stock worth $2,166,000 after purchasing an additional 7,585 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of QuantumScape by 1.4% in the first quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company’s stock valued at $11,482,000 after purchasing an additional 25,347 shares during the period. 29.87% of the stock is currently 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.