QuantumScape Co. (NYSE:QS) Director Jurgen Leohold Sells 17,435 Shares of Stock

QuantumScape Co. (NYSE:QS) Director Jurgen Leohold sold 17,435 shares of QuantumScape stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $6.00, for a total transaction of $104,610.00. Following the completion of the transaction, the director now directly owns 194,904 shares in the company, valued at approximately $1,169,424. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

QuantumScape Trading Down 1.3 %

QuantumScape stock opened at $5.87 on Tuesday. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of -6.11 and a beta of 4.59. The business has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $5.87. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period in the previous year, the company earned ($0.26) earnings per share. As a group, equities analysts forecast that QuantumScape Co. will post -0.9 EPS for the current year.

Analyst Upgrades and Downgrades

QS has been the topic of several recent analyst reports. Truist Financial reiterated a “hold” rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Monday, August 5th. Wolfe Research started coverage on QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.53.

Institutional Trading of QuantumScape

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC raised its stake in QuantumScape by 2.7% during the second quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company’s stock worth $392,000 after acquiring an additional 2,059 shares in the last quarter. Amalgamated Bank grew its holdings in shares of QuantumScape by 5.6% in the 4th quarter. Amalgamated Bank now owns 45,784 shares of the company’s stock worth $318,000 after purchasing an additional 2,432 shares during the last quarter. CWM LLC increased its position in shares of QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after purchasing an additional 2,556 shares in the last quarter. Carson Advisory Inc. lifted its holdings in QuantumScape by 13.6% during the 1st quarter. Carson Advisory Inc. now owns 24,250 shares of the company’s stock valued at $153,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in QuantumScape by 7.8% in the fourth quarter. Private Advisor Group LLC now owns 46,326 shares of the company’s stock valued at $322,000 after buying an additional 3,340 shares in the last quarter. Institutional investors 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.