QuantumScape (NYSE:QS) CTO Sells $76,465.23 in Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 12,723 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $6.01, for a total transaction of $76,465.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Timothy Holme also recently made the following trade(s):

• On Wednesday, August 19th, Timothy Holme sold 21,531 shares of QuantumScape stock. The stock was sold at an average price of $5.76, for a total transaction of $124,018.56.
• On Wednesday, August 19th, Timothy Holme sold 20,345 shares of QuantumScape stock. The shares were sold at an average price of $5.76, for a total value of $117,187.20.
• On Thursday, July 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $7.28, for a total value of $249,369.12.
• On Thursday, July 2nd, Timothy Holme sold 102,991 shares of QuantumScape stock. The stock was sold at an average price of $7.28, for a total value of $749,774.48.
• On Tuesday, June 2nd, Timothy Holme sold 40,615 shares of QuantumScape stock. The stock was sold at an average price of $9.30, for a total value of $377,719.50.
• On Tuesday, June 2nd, Timothy Holme sold 150,320 shares of QuantumScape stock. The shares were sold at an average price of $9.30, for a total value of $1,397,976.00.

QuantumScape Stock Up 2.8%

Shares of QS opened at $5.90 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of -7.28 and a beta of 2.66. QuantumScape Corporation has a 12 month low of $4.77 and a 12 month high of $19.07. The stock’s 50 day moving average is $6.24 and its two-hundred day moving average is $6.95. 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) last announced its earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same period last year, the company earned ($0.20) EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. Analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuantumScape

Large investors have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of QuantumScape in the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. boosted its stake in shares of QuantumScape by 685.5% in the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after acquiring an additional 3,311 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of QuantumScape by 101.5% during the second quarter. TD Waterhouse Canada Inc. now owns 5,361 shares of the company’s stock worth $41,000 after purchasing an additional 2,700 shares in the last quarter. Danske Bank A S purchased a new stake in shares of QuantumScape during the fourth quarter worth approximately $48,000. Finally, Vestor Capital LLC increased its position in shares of QuantumScape by 255.2% during the first quarter. Vestor Capital LLC now owns 8,000 shares of the company’s stock worth $51,000 after purchasing an additional 5,748 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TD Cowen decreased their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $9.47.

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.