QuantumScape Co. (NYSE:QS) Director Jagdeep Singh Sells 5,531 Shares

QuantumScape Co. (NYSE:QS) Director Jagdeep Singh sold 5,531 shares of QuantumScape stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the transaction, the director now owns 2,590,583 shares in the company, valued at approximately $12,978,820.83. This trade represents a 0.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jagdeep Singh also recently made the following trade(s):

• On Monday, October 7th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The shares were sold at an average price of $5.53, for a total value of $1,063,253.10.
• On Tuesday, September 17th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The stock was sold at an average price of $5.99, for a total value of $1,151,697.30.

QuantumScape Trading Down 2.3 %

Shares of QS opened at $4.74 on Friday. QuantumScape Co. has a fifty-two week low of $4.67 and a fifty-two week high of $10.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company’s fifty day moving average is $5.49 and its 200 day moving average is $5.76. The stock has a market capitalization of $2.43 billion, a PE ratio of -4.99 and a beta of 4.60.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period in the prior year, the company posted ($0.23) earnings per share. Sell-side analysts expect that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuantumScape

Several hedge funds have recently added to or reduced their stakes in QS. SG Americas Securities LLC boosted its holdings in QuantumScape by 11.7% during the 1st quarter. SG Americas Securities LLC now owns 75,158 shares of the company’s stock valued at $473,000 after acquiring an additional 7,879 shares during the period. Swiss National Bank lifted its position in shares of QuantumScape by 9.3% during the first quarter. Swiss National Bank now owns 678,800 shares of the company’s stock worth $4,270,000 after purchasing an additional 58,000 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of QuantumScape during the first quarter valued at $92,000. HBK Sorce Advisory LLC grew its holdings in shares of QuantumScape by 23.1% in the first quarter. HBK Sorce Advisory LLC now owns 26,537 shares of the company’s stock worth $167,000 after purchasing an additional 4,986 shares during the last quarter. Finally, Resolute Advisors LLC purchased a new position in QuantumScape in the 1st quarter worth about $189,000. 29.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on QS shares. Wolfe Research initiated coverage on QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.14.

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.