QuantumScape Corporation [QS] Chief Development Officer makes an insider sale of 21,250 shares worth 223,495.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. QuantumScape Corporation shares valued at $223,495 were sold by Singh Mohit on Aug 01. At $10.52 per share, Singh Mohit sold 21,250 shares. The insider’s holdings dropped to 326,408 shares worth approximately $4.02 million following the completion of this transaction.


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Also, Straubel Jeffrey B sold 61,874 shares, netting a total of over 653,724 in proceeds. Following the sale of shares at $10.57 each, the insider now holds 314,657 shares.

Before that, Hettrich Kevin had sold 36,133 shares from its account. In a trade valued at $363,520, the Chief Financial Officer traded QuantumScape Corporation shares for $10.06 each. Upon closing the transaction, the insider’s holdings decreased to 36,133 shares, worth approximately $5.86 million.

As published in their initiating research note from Deutsche Bank on April 12, 2022, QuantumScape Corporation [QS] has been a Hold and the price target has been revised to $20. This represents a 38.45% premium over Thursday’s closing price. Analysts at SMBC Nikko started covering the stock with ‘”a Neutral”‘ outlook in a report released in late March. As of January 28, 2022, UBS has initiated its “Neutral” rating for QS. Earlier on November 16, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for QS stock which previously was a “an Overweight”.

Analyzing QS’s Price Performance

On Thursday, QuantumScape Corporation [NYSE: QS] rose 1.65% to $12.31. The stock’s lowest price that day was $12.075, but it reached a high of $12.56 in the same session. During the last five days, there has been a surge of approximately 16.35%. Over the course of the year, QuantumScape Corporation shares have dropped approximately -44.52%. Shares of the company reached a 52-week high of $23.68 on 01/03/22 and a 52-week low of $8.22 on 06/16/22. A 50-day SMA is recorded $10.40, while a 200-day SMA reached $18.05. Nevertheless, trading volume fell to 6.16 million shares from 6.16 million shares the previous day.

Support And Resistance Levels for QuantumScape Corporation (QS)

According to the 24-hour chart, there is a support level at 12.07, which, if violated, would cause prices to drop to 11.83. In the upper region, resistance lies at 12.56. The next price resistance is at 12.80. RSI (Relative Strength Index) is 63.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 8.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is QuantumScape Corporation subject to short interest?

Stocks of QuantumScape Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.31 million shares to 51.56 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 53.87 million shares. A decline of -4.48% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.95 of the overall float, the days-to-cover ratio (short ratio) decline to 7.95.

Which companies own the most shares of QuantumScape Corporation (QS)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,948,996 shares, which is about 5.30% of the total QS shares outstanding. The investor’s shares have appreciated by 841,135 from its previous 13-F filing of 17107861.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $72,202,893. Global X Management Co. LLC acquire a 1.99% interest valued at $40.68 million while SSgA Funds Management, Inc. purchased a 173,426 stake. A total of 149,263 shares of QuantumScape Corporation were bought by Geode Capital Management LLC during the quarter, and 2,002,136 were bought by Norges Bank Investment Management. In its current portfolio, Stanford Management Co. holds 2,874,742 shares valued at $24.69 million.

In terms of QuantumScape Corporation share price expectations, FactSet research, analysts set an average price target of $14.13 in the next 12 months, up nearly 3.22% from the previous closing price of $12.11. Analysts anticipate QuantumScape Corporation stock to reach $22.00 by 2022, with the lowest price target being $10.00. In spite of this, 8 analysts ranked QuantumScape Corporation stock as a Hold at the end of 2022. On July 21, 2021, JP Morgan assigned a price target of “a Neutral” to the stock and initiated coverage with a $35.

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