QuantumScape Co. (NYSE:QS – Get 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.
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.
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.
- Five stocks we like better than QuantumScape
- How to Capture the Benefits of Dividend Increases
- 3 education stocks breaking out on a hiring spree
- Options Trading – Understanding Strike Price
- e.l.f. Beauty on a shelf; a good time to buy
- What Are Growth Stocks and Investing in Them
- Roblox is turning a corner, but can it complete a reversal?
Receive News & Ratings for QuantumScape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuantumScape and related companies with MarketBeat.com's FREE daily email newsletter.