QuantumScape (NYSE:QS) Director Jeffrey Straubel Sells 27,106 Shares

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $11.28, for a total value of $305,755.68. Following the sale, the director directly owned 239,722 shares in the company, valued at approximately $2,704,064.16. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

QuantumScape Price Performance

QS traded down $0.40 on Wednesday, reaching $10.91. The stock had a trading volume of 10,854,540 shares, compared to its average volume of 13,735,995. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of -13.47 and a beta of 2.60. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $19.07. The firm has a 50-day moving average of $12.76 and a 200-day moving average of $11.44.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). During the same period last year, the business earned ($0.23) EPS. As a group, sell-side analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current year.

Hedge Funds Weigh In On QuantumScape

Several hedge funds and other institutional investors have recently bought and sold shares of QS. GAMMA Investing LLC grew its holdings in QuantumScape by 34.1% during the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the company’s stock worth $53,000 after acquiring an additional 1,285 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of QuantumScape during the 3rd quarter valued at about $64,000. Swiss Life Asset Management Ltd grew its stake in QuantumScape by 72.6% during the third quarter. Swiss Life Asset Management Ltd now owns 18,870 shares of the company’s stock worth $232,000 after purchasing an additional 7,940 shares during the period. Centaurus Financial Inc. bought a new stake in QuantumScape in the third quarter worth approximately $129,000. Finally, Coldstream Capital Management Inc. increased its holdings in QuantumScape by 8.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock worth $153,000 after purchasing an additional 939 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Cowen upped their price target on shares of QuantumScape from $5.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Morgan Stanley assumed 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 on the stock. Hsbc Global Res upgraded QuantumScape to a “moderate sell” rating in a report on Wednesday, November 19th. Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Finally, HSBC cut QuantumScape from a “hold” rating to a “reduce” rating and increased their price target for the company from $5.30 to $10.50 in a research note on Wednesday, November 19th. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.17.

QuantumScape Company Profile

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.