Key Points
- Dipender Saluja sold 684,524 QuantumScape shares on Dec. 12 at an average of $11.94 for $8.17M and now owns 12,506,055 shares, a 5.19% reduction in his stake.
- He also sold 2,613,121 shares on Dec. 15 at an average of $11.01 for roughly $28.77M, according to SEC filings.
- Analysts carry a consensus "Reduce" rating with a $9.17 target; QS has a 12‑month range of $3.40–$19.07 and a market cap of about $6.54 billion.
QuantumScape Corporation (NYSE:QS - Get Free Report) Director Dipender Saluja sold 684,524 shares of QuantumScape stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $11.94, for a total value of $8,173,216.56. Following the sale, the director directly owned 12,506,055 shares in the company, valued at approximately $149,322,296.70. This trade represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dipender Saluja also recently made the following trade(s):
- On Monday, December 15th, Dipender Saluja sold 2,613,121 shares of QuantumScape stock. The shares were sold at an average price of $11.01, for a total value of $28,770,462.21.
QuantumScape Price Performance
Shares of QS stock opened at $10.88 on Wednesday. QuantumScape Corporation has a 12 month low of $3.40 and a 12 month high of $19.07. The company has a market capitalization of $6.54 billion, a P/E ratio of -13.43 and a beta of 2.76. The stock has a 50 day moving average of $14.18 and a two-hundred day moving average of $10.73. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.
QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.18). During the same period in the prior year, the firm earned ($0.23) EPS. As a group, equities analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.
Institutional Trading of QuantumScape
Several large investors have recently added to or reduced their stakes in QS. Perbak Capital Partners LLP bought a new position in QuantumScape in the 1st quarter worth approximately $353,000. Nuveen LLC bought a new position in QuantumScape in the 1st quarter valued at $2,819,000. Thames Capital Management LLC acquired a new stake in shares of QuantumScape in the 2nd quarter valued at $2,792,000. 111 Capital bought a new stake in shares of QuantumScape during the second quarter worth $131,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of QuantumScape by 131.7% during the second quarter. Atria Wealth Solutions Inc. now owns 93,581 shares of the company's stock worth $657,000 after acquiring an additional 53,200 shares during the last quarter. 29.87% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on QS shares. Morgan Stanley began coverage on shares of QuantumScape in a research note on Monday, December 8th. They issued an "equal weight" rating and a $12.00 price objective for the company. Cowen reissued a "hold" rating on shares of QuantumScape in a research note on Thursday, October 30th. Weiss Ratings restated a "sell (d-)" rating on shares of QuantumScape in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on QuantumScape and gave the company a "hold" rating in a research note on Thursday, October 23rd. Finally, Hsbc Global Res upgraded QuantumScape to a "moderate sell" rating in a research report on Wednesday, November 19th. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $9.17.
Check Out Our Latest Report on QuantumScape
QuantumScape Company Profile
(
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.
Further Reading
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