QuantumScape Co. (NYSE:QS) Director Jagdeep Singh Sells 192,270 Shares of Stock

QuantumScape Co. (NYSE:QS) Director Jagdeep Singh sold 192,270 shares of QuantumScape stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total value of $1,151,697.30. Following the completion of the sale, the director now directly owns 2,590,583 shares of the company’s stock, valued at approximately $15,517,592.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 12th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The stock was sold at an average price of $5.50, for a total transaction of $1,057,485.00.
• On Friday, July 5th, Jagdeep Singh sold 79,006 shares of QuantumScape stock. The stock was sold at an average price of $5.03, for a total transaction of $397,400.18.
• On Monday, July 8th, Jagdeep Singh sold 113,264 shares of QuantumScape stock. The stock was sold at an average price of $5.04, for a total value of $570,850.56.

QuantumScape Price Performance

Shares of QS stock opened at $5.94 on Friday. The firm has a market cap of $2.97 billion, a P/E ratio of -6.19 and a beta of 4.59. The firm has a fifty day moving average of $6.36 and a two-hundred day moving average of $5.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. QuantumScape Co. has a 1-year low of $4.67 and a 1-year high of $10.03.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter in the previous year, the business posted ($0.26) earnings per share. As a group, research analysts anticipate that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on QS shares. Truist Financial reissued a “hold” rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research report on Monday, August 5th. Wolfe Research started coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, QuantumScape presently has an average rating of “Hold” and a consensus target price of $5.95.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QS. Vanguard Group Inc. grew its stake in QuantumScape by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock worth $191,750,000 after buying an additional 656,646 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in QuantumScape by 240.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,256,034 shares of the company’s stock valued at $26,770,000 after purchasing an additional 3,004,964 shares during the period. Baillie Gifford & Co. grew its position in QuantumScape by 10.3% in the 1st quarter. Baillie Gifford & Co. now owns 2,679,518 shares of the company’s stock worth $16,854,000 after purchasing an additional 251,186 shares during the last quarter. Norges Bank acquired a new stake in shares of QuantumScape in the fourth quarter valued at approximately $18,482,000. Finally, Board of Trustees of The Leland Stanford Junior University raised its holdings in shares of QuantumScape by 5.2% during the fourth quarter. Board of Trustees of The Leland Stanford Junior University now owns 2,610,677 shares of the company’s stock valued at $18,144,000 after buying an additional 129,239 shares during the last quarter. 29.87% of the stock is currently owned by 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.