QuantumScape Co. (NYSE:QS) Director Fritz Prinz Sells 155,600 Shares

QuantumScape Co. (NYSE:QS) Director Fritz Prinz sold 155,600 shares of QuantumScape stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $21.08, for a total transaction of $3,280,048.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

QS opened at $20.68 on Friday. QuantumScape Co. has a fifty-two week low of $19.12 and a fifty-two week high of $71.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 42.78 and a quick ratio of 42.79. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of -7.23 and a beta of 10.18. The company’s 50 day moving average price is $27.17 and its two-hundred day moving average price is $24.96.

QuantumScape (NYSE:QS) last posted its earnings results on Monday, October 25th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.03). During the same period in the previous year, the company earned ($1.57) EPS. As a group, equities research analysts predict that QuantumScape Co. will post -0.1 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of QS. Ancora Advisors LLC acquired a new position in shares of QuantumScape during the 3rd quarter valued at $25,000. Moors & Cabot Inc. acquired a new position in shares of QuantumScape during the 3rd quarter valued at $27,000. Clearstead Advisors LLC lifted its position in shares of QuantumScape by 116.7% during the 2nd quarter. Clearstead Advisors LLC now owns 1,040 shares of the company’s stock valued at $30,000 after acquiring an additional 560 shares during the period. Albion Financial Group UT acquired a new position in shares of QuantumScape during the 2nd quarter valued at $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of QuantumScape during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 21.72% of the company’s stock.

Several equities research analysts recently issued reports on QS shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of QuantumScape in a report on Tuesday, November 16th. JPMorgan Chase & Co. lifted their price target on shares of QuantumScape from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.67.

QuantumScape Company Profile

QuantumScape Corporation, a development stage company, engages in 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.

Further Reading: What is the role of the G-20?

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

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.