QuantumScape Co. (NYSE:QS) Director Jagdeep Singh Sells 79,006 Shares

QuantumScape Co. (NYSE:QSGet Free Report) Director Jagdeep Singh sold 79,006 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $5.03, for a total transaction of $397,400.18. Following the transaction, the director now owns 2,809,253 shares of the company’s stock, valued at $14,130,542.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, July 8th, Jagdeep Singh sold 113,264 shares of QuantumScape stock. The shares were sold at an average price of $5.04, for a total transaction of $570,850.56.
  • On Thursday, June 13th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The shares were sold at an average price of $5.35, for a total transaction of $1,028,644.50.
  • On Friday, May 31st, Jagdeep Singh sold 192,280 shares of QuantumScape stock. The shares were sold at an average price of $5.85, for a total transaction of $1,124,838.00.

QuantumScape Stock Up 4.5 %

QuantumScape stock opened at $5.30 on Wednesday. The stock has a market cap of $2.65 billion, a P/E ratio of -5.52 and a beta of 4.62. The company has a quick ratio of 10.38, a current ratio of 10.38 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a twelve month low of $4.67 and a twelve month high of $13.86. The company’s 50-day moving average price is $5.44 and its two-hundred day moving average price is $6.14.

QuantumScape (NYSE:QSGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). As a group, analysts expect that QuantumScape Co. will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund increased its holdings in shares of QuantumScape by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 235,700 shares of the company’s stock worth $1,638,000 after purchasing an additional 1,481 shares during the period. Spire Wealth Management increased its holdings in shares of QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the period. Xponance Inc. increased its holdings in shares of QuantumScape by 15.8% during the fourth quarter. Xponance Inc. now owns 12,050 shares of the company’s stock worth $84,000 after purchasing an additional 1,640 shares during the period. Baron Wealth Management LLC increased its holdings in shares of QuantumScape by 19.1% during the fourth quarter. Baron Wealth Management LLC now owns 12,446 shares of the company’s stock worth $86,000 after purchasing an additional 2,000 shares during the period. Finally, HBK Sorce Advisory LLC increased its holdings in shares of QuantumScape by 11.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock worth $150,000 after purchasing an additional 2,264 shares during the period. 29.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. UBS Group dropped their target price on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.67.

Get Our Latest Analysis on QuantumScape

About QuantumScape

(Get Free Report)

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.

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

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