201,990 Shares in QuantumScape Corporation $QS Purchased by William John Sempolinski

William John Sempolinski bought a new stake in shares of QuantumScape Corporation (NYSE:QS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 201,990 shares of the company’s stock, valued at approximately $1,527,000.

Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in QuantumScape by 685.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after acquiring an additional 3,311 shares in the last quarter. Danske Bank A S acquired a new stake in shares of QuantumScape during the fourth quarter worth about $48,000. TD Waterhouse Canada Inc. boosted its stake in shares of QuantumScape by 101.5% in the second quarter. TD Waterhouse Canada Inc. now owns 5,361 shares of the company’s stock valued at $41,000 after purchasing an additional 2,700 shares during the period. Comerica Bank boosted its stake in shares of QuantumScape by 27,400.0% in the fourth quarter. Comerica Bank now owns 5,500 shares of the company’s stock valued at $57,000 after purchasing an additional 5,480 shares during the period. Finally, CWM LLC grew its holdings in shares of QuantumScape by 126.8% in the fourth quarter. CWM LLC now owns 5,954 shares of the company’s stock valued at $62,000 after purchasing an additional 3,329 shares in the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Timothy Holme sold 102,991 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total value of $749,774.48. Following the sale, the chief technology officer owned 1,712,506 shares of the company’s stock, valued at $12,467,043.68. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Hettrich sold 9,800 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total transaction of $71,344.00. Following the completion of the sale, the chief financial officer directly owned 1,816,257 shares in the company, valued at approximately $13,222,350.96. This trade represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 211,444 shares of company stock valued at $1,465,971 in the last quarter. Company insiders own 3.93% of the company’s stock.

QuantumScape Trading Up 0.6%

NYSE:QS opened at $5.48 on Friday. QuantumScape Corporation has a 12-month low of $4.77 and a 12-month high of $19.07. The firm has a market cap of $3.39 billion, a PE ratio of -6.77 and a beta of 2.68. 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 stock has a fifty day moving average price of $6.01 and a 200 day moving average price of $6.84.

QuantumScape (NYSE:QS) last issued its quarterly 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. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) EPS. Sell-side analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TD Cowen cut their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $9.47.

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.