Mohit Singh Sells 50,000 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) insider Mohit Singh sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $7.87, for a total value of $393,500.00. Following the completion of the sale, the insider owned 1,803,035 shares of the company’s stock, valued at $14,189,885.45. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

QuantumScape Trading Up 2.6%

Shares of NYSE:QS opened at $7.54 on Friday. The business’s 50 day moving average price is $6.82 and its 200-day moving average price is $9.93. QuantumScape Corporation has a 1 year low of $3.80 and a 1 year high of $19.07. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -9.31 and a beta of 2.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same quarter in the previous year, the business posted ($0.21) earnings per share. On average, equities research analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on QS shares. Morgan Stanley reduced their price target on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and lowered their price objective for the stock from $10.50 to $8.30 in a report on Wednesday, February 18th. Robert W. Baird set a $12.00 target price on QuantumScape in a report on Thursday, February 12th. Finally, TD Cowen restated a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, QuantumScape currently has an average rating of “Reduce” and an average price target of $11.13.

Institutional Investors Weigh In On QuantumScape

A number of large investors have recently modified their holdings of the business. Tsfg LLC raised its position in shares of QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,400 shares during the last quarter. REAP Financial Group LLC boosted its position in QuantumScape by 300.0% during the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. Global Retirement Partners LLC grew its stake in QuantumScape by 538.7% during the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after acquiring an additional 1,950 shares in the last quarter. VSM Wealth Advisory LLC grew its stake in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after acquiring an additional 750 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in QuantumScape in the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.