Insider Selling: QuantumScape Co. (NYSE:QS) Director Sells 69,309 Shares of Stock

QuantumScape Co. (NYSE:QSGet Free Report) Director Jeffrey B. Straubel sold 69,309 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares in the company, valued at approximately $1,966,567.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

QuantumScape Stock Performance

Shares of QS stock opened at $7.30 on Thursday. The business has a fifty day moving average of $7.19 and a 200 day moving average of $6.98. QuantumScape Co. has a 1 year low of $4.99 and a 1 year high of $13.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 24.57 and a current ratio of 24.57.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. HSBC assumed coverage on shares of QuantumScape in a report on Monday, December 4th. They issued a “reduce” rating and a $4.70 target price on the stock. William Blair initiated coverage on shares of QuantumScape in a report on Monday, December 18th. They set a “market perform” rating on the stock. Finally, Truist Financial lifted their target price on shares of QuantumScape from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Thursday, November 30th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.39.

Check Out Our Latest Research Report on QuantumScape

Institutional Investors Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently bought and sold shares of QS. Vanguard Group Inc. boosted its holdings in QuantumScape by 23.3% in the 3rd quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after acquiring an additional 5,483,319 shares during the period. Norges Bank bought a new stake in QuantumScape in the fourth quarter worth approximately $13,516,000. Morgan Stanley grew its stake in shares of QuantumScape by 52.1% in the third quarter. Morgan Stanley now owns 4,310,857 shares of the company’s stock worth $28,840,000 after acquiring an additional 1,476,799 shares during the last quarter. BlackRock Inc. raised its position in QuantumScape by 9.7% in the second quarter. BlackRock Inc. now owns 13,035,638 shares of the company’s stock worth $104,155,000 after purchasing an additional 1,148,137 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in QuantumScape by 53.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,581,225 shares of the company’s stock valued at $17,268,000 after buying an additional 900,249 shares during the last quarter. 27.22% of the stock is owned by hedge funds and other institutional investors.

About QuantumScape

(Get Free Report)

QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. QuantumScape Corporation was founded in 2010 and is headquartered in San Jose, California.

Further Reading

Insider Buying and Selling by Quarter for QuantumScape (NYSE:QS)

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