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

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $6.17, for a total value of $167,244.02. Following the completion of the transaction, the director directly owned 158,404 shares in the company, valued at $977,352.68. This trade represents a 14.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuantumScape Stock Performance

Shares of NYSE:QS opened at $6.36 on Friday. The stock has a 50 day moving average of $7.44 and a 200 day moving average of $11.08. The company has a market cap of $3.90 billion, a PE ratio of -7.85 and a beta of 2.54. 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 Corporation has a 12-month low of $3.40 and a 12-month high of $19.07.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). During the same period in the prior year, the firm earned ($0.22) EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

QS has been the topic of several recent analyst reports. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and decreased their price objective for the company from $10.50 to $8.30 in a research report on Wednesday, February 18th. Morgan Stanley decreased their price target on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. TD Cowen restated a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 target price on QuantumScape in a research report on Thursday, February 12th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $8.98.

Institutional Investors Weigh In On QuantumScape

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC lifted its stake in shares of QuantumScape by 46.8% in the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after purchasing an additional 750 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of QuantumScape by 0.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 120,753 shares of the company’s stock valued at $1,488,000 after purchasing an additional 810 shares during the last quarter. Wedmont Private Capital raised its holdings in QuantumScape by 5.7% during the 3rd quarter. Wedmont Private Capital now owns 15,115 shares of the company’s stock valued at $186,000 after buying an additional 815 shares during the period. Coldstream Capital Management Inc. raised its holdings in QuantumScape by 8.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock valued at $153,000 after buying an additional 939 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its position in QuantumScape by 67.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock worth $31,000 after buying an additional 1,005 shares during the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

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.