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QuantumScape Co. (NYSE:QS – Get Rating) insider Mohit Singh sold 25,500 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $7.53, for a total value of $192,015.00. Following the completion of the sale, the insider now owns 277,794 shares of the company’s stock, valued at approximately $2,091,788.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Mohit Singh also recently made the following trade(s):
- On Tuesday, December 13th, Mohit Singh sold 8,500 shares of QuantumScape stock. The stock was sold at an average price of $7.56, for a total value of $64,260.00.
- On Thursday, December 1st, Mohit Singh sold 6,843 shares of QuantumScape stock. The stock was sold at an average price of $7.51, for a total value of $51,390.93.
- On Wednesday, November 9th, Mohit Singh sold 8,500 shares of QuantumScape stock. The stock was sold at an average price of $7.63, for a total value of $64,855.00.
- On Monday, October 31st, Mohit Singh sold 8,500 shares of QuantumScape stock. The stock was sold at an average price of $8.13, for a total value of $69,105.00.
- On Wednesday, October 19th, Mohit Singh sold 8,500 shares of QuantumScape stock. The stock was sold at an average price of $8.07, for a total value of $68,595.00.
QuantumScape Stock Performance
NYSE QS traded up $0.69 on Friday, reaching $8.30. 10,918,550 shares of the stock were exchanged, compared to its average volume of 7,325,650. QuantumScape Co. has a one year low of $5.11 and a one year high of $22.21. The firm has a market capitalization of $3.62 billion, a PE ratio of -9.50 and a beta of 5.27. The company’s 50-day simple moving average is $6.67 and its two-hundred day simple moving average is $8.86. The company has a current ratio of 25.68, a quick ratio of 25.68 and a debt-to-equity ratio of 0.03.
QuantumScape (NYSE:QS – Get Rating) last released its earnings results on Wednesday, October 26th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). Analysts expect that QuantumScape Co. will post -0.93 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
QS has been the topic of a number of analyst reports. The Goldman Sachs Group cut QuantumScape from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $8.00 to $5.00 in a research note on Wednesday, December 14th. Morgan Stanley cut QuantumScape from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $12.00 to $4.00 in a research note on Wednesday, November 9th. Finally, Truist Financial initiated coverage on QuantumScape in a research note on Wednesday, September 28th. They issued a “hold” rating and a $10.00 price target on the stock. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.86.
Institutional Investors Weigh In On QuantumScape
Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of QuantumScape by 37.5% during the fourth quarter. Allworth Financial LP now owns 9,359 shares of the company’s stock valued at $53,000 after buying an additional 2,554 shares during the last quarter. Continental Investors Services Inc. bought a new stake in shares of QuantumScape during the third quarter valued at approximately $1,143,000. Bank of New York Mellon Corp raised its position in shares of QuantumScape by 8.3% during the third quarter. Bank of New York Mellon Corp now owns 874,406 shares of the company’s stock valued at $7,353,000 after buying an additional 67,073 shares during the last quarter. IHT Wealth Management LLC bought a new stake in shares of QuantumScape during the third quarter valued at approximately $87,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of QuantumScape by 56.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 23,973 shares of the company’s stock valued at $202,000 after buying an additional 8,687 shares during the last quarter. Institutional investors own 26.09% of the company’s stock.
About QuantumScape
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QuantumScape Corporation, a 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.
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