QuantumScape (NYSE:QS) CTO Timothy Holme Sells 34,120 Shares

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 34,120 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $6.97, for a total transaction of $237,816.40. Following the completion of the transaction, the chief technology officer directly owned 1,088,228 shares in the company, valued at $7,584,949.16. The trade was a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 19th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $7.10, for a total transaction of $243,203.40.
• On Thursday, February 19th, Timothy Holme sold 127,077 shares of QuantumScape stock. The stock was sold at an average price of $7.10, for a total transaction of $902,246.70.
• On Monday, January 5th, Timothy Holme sold 44,922 shares of QuantumScape stock. The shares were sold at an average price of $11.28, for a total value of $506,720.16.
• On Monday, January 5th, Timothy Holme sold 166,440 shares of QuantumScape stock. The stock was sold at an average price of $11.28, for a total value of $1,877,443.20.
• On Thursday, December 4th, Timothy Holme sold 44,922 shares of QuantumScape stock. The shares were sold at an average price of $12.69, for a total value of $570,060.18.
• On Thursday, December 4th, Timothy Holme sold 166,440 shares of QuantumScape stock. The shares were sold at an average price of $12.69, for a total value of $2,112,123.60.

QuantumScape Trading Down 4.0%

QuantumScape stock traded down $0.29 during midday trading on Friday, reaching $6.88. 15,011,793 shares of the stock traded hands, compared to its average volume of 15,872,389. The firm has a market cap of $4.14 billion, a PE ratio of -8.49 and a beta of 2.51. 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 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $11.46. QuantumScape Corporation has a 12-month low of $3.40 and a 12-month high of $19.07.

QuantumScape (NYSE:QS) last issued its quarterly 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 last year, the business earned ($0.22) EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QS has been the topic of a number of recent research reports. Evercore reaffirmed an “in-line” rating and set a $12.00 price objective (up previously from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Morgan Stanley cut 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. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Wednesday. Robert W. Baird set a $12.00 target price on shares of QuantumScape in a research note on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 target price on shares of QuantumScape and gave the company a “hold” rating in a report on Thursday, October 23rd. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $8.98.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QS. Tsfg LLC lifted its position in QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,400 shares during the last quarter. REAP Financial Group LLC boosted its position in shares of QuantumScape by 300.0% in the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in QuantumScape during the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. increased its position in QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after buying an additional 3,311 shares during the period. Finally, North Capital Inc. purchased a new stake in QuantumScape in the second quarter valued at approximately $27,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.