Fritz Prinz Sells 25,816 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 25,816 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $4.87, for a total value of $125,723.92. Following the transaction, the director now owns 267,011 shares of the company’s stock, valued at $1,300,343.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

QuantumScape Trading Up 4.8 %

NYSE:QS opened at $5.06 on Friday. QuantumScape Co. has a 1 year low of $4.67 and a 1 year high of $13.86. The business has a fifty day moving average of $5.46 and a 200-day moving average of $6.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). As a group, sell-side analysts forecast that QuantumScape Co. will post -0.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on QS shares. Truist Financial lowered their price objective on 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 lowered their price objective on QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.67.

Institutional Trading of QuantumScape

Institutional investors have recently modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of QuantumScape by 97.7% in the third quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock valued at $703,000 after buying an additional 51,934 shares during the period. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of QuantumScape by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock valued at $77,000 after buying an additional 2,861 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of QuantumScape by 26.4% in the fourth quarter. Victory Capital Management Inc. now owns 43,752 shares of the company’s stock valued at $304,000 after buying an additional 9,135 shares during the period. Scotia Capital Inc. acquired a new stake in shares of QuantumScape in the third quarter valued at $95,000. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of QuantumScape by 11.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock valued at $150,000 after buying an additional 2,264 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.