QuantumScape (NYSE:QS) Trading 1.4% Higher

QuantumScape Co. (NYSE:QS)’s stock price shot up 1.4% on Monday . The company traded as high as $5.04 and last traded at $4.99. 1,025,693 shares traded hands during trading, a decline of 87% from the average session volume of 8,036,860 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QS. Truist Financial decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. UBS Group decreased their price target on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Two investment 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. Based on data from MarketBeat, QuantumScape presently has an average rating of “Hold” and a consensus target price of $6.67.

QuantumScape Stock Up 1.2 %

The company has a quick ratio of 10.38, a current ratio of 10.38 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $5.53 and its 200 day moving average is $6.29.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). As a group, research analysts anticipate that QuantumScape Co. will post -0.89 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the transaction, the chief financial officer now directly owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jagdeep Singh sold 192,280 shares of QuantumScape stock in a transaction dated 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 sale, the director now directly owns 2,809,253 shares in the company, valued at $16,434,130.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98. Following the sale, the chief financial officer now owns 1,178,512 shares of the company’s stock, valued at $7,236,063.68. The disclosure for this sale can be found here. In the last three months, insiders sold 487,559 shares of company stock worth $2,752,186. 10.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

A number of hedge funds and other institutional investors have recently modified their holdings of QS. Westwood Holdings Group Inc. acquired a new stake in shares of QuantumScape in the first quarter worth approximately $82,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of QuantumScape in the first quarter worth approximately $1,002,000. Tidal Investments LLC boosted its position in shares of QuantumScape by 202.0% in the first quarter. Tidal Investments LLC now owns 137,755 shares of the company’s stock worth $866,000 after acquiring an additional 92,142 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of QuantumScape by 2.3% in the first quarter. California State Teachers Retirement System now owns 344,306 shares of the company’s stock worth $2,166,000 after acquiring an additional 7,585 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position 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 worth $11,482,000 after acquiring an additional 25,347 shares during the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

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.