QuantumScape Co. (NYSE:QS – Get Rating) insider Michael O. Mccarthy III sold 130,648 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $9.05, for a total value of $1,182,364.40. Following the completion of the transaction, the insider now owns 725,340 shares in the company, valued at $6,564,327. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
QuantumScape Stock Up 3.6 %
NYSE:QS opened at $9.20 on Friday. The company has a quick ratio of 25.68, a current ratio of 22.91 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $8.05 and its two-hundred day moving average is $8.39. QuantumScape Co. has a 52 week low of $5.11 and a 52 week high of $22.21. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of -9.68 and a beta of 5.29.
QuantumScape (NYSE:QS – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.02. During the same period last year, the firm earned ($0.16) earnings per share. Research analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current year.
Analyst Ratings Changes
Institutional Trading of QuantumScape
Several hedge funds have recently modified their holdings of the stock. Robertson Stephens Wealth Management LLC raised its stake in shares of QuantumScape by 0.6% in the second quarter. Robertson Stephens Wealth Management LLC now owns 210,875 shares of the company’s stock valued at $1,811,000 after acquiring an additional 1,200 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of QuantumScape by 10.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,600 shares of the company’s stock valued at $71,000 after acquiring an additional 1,225 shares in the last quarter. ETF Managers Group LLC raised its stake in shares of QuantumScape by 4.0% in the third quarter. ETF Managers Group LLC now owns 34,276 shares of the company’s stock valued at $288,000 after acquiring an additional 1,329 shares in the last quarter. Principal Financial Group Inc. increased its holdings in QuantumScape by 5.6% in the second quarter. Principal Financial Group Inc. now owns 25,378 shares of the company’s stock valued at $218,000 after buying an additional 1,346 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in QuantumScape by 1.4% in the third quarter. Private Advisor Group LLC now owns 105,455 shares of the company’s stock valued at $887,000 after buying an additional 1,459 shares during the last quarter. 26.09% of the stock is currently owned by institutional investors and hedge funds.
QuantumScape Company Profile
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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