Insider Selling: QuantumScape (NYSE:QS) CTO Sells 92,972 Shares of Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 92,972 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $8.23, for a total transaction of $765,159.56. Following the completion of the transaction, the chief technology officer owned 1,712,506 shares of the company’s stock, valued at $14,093,924.38. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, May 21st, Timothy Holme sold 25,445 shares of QuantumScape stock. The stock was sold at an average price of $8.23, for a total transaction of $209,412.35.
• On Wednesday, May 20th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $7.50, for a total transaction of $256,905.00.
• On Wednesday, May 20th, Timothy Holme sold 150,183 shares of QuantumScape stock. The stock was sold at an average price of $7.50, for a total transaction of $1,126,372.50.
• On Thursday, April 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $6.18, for a total transaction of $211,689.72.
• On Thursday, April 2nd, Timothy Holme sold 127,077 shares of QuantumScape stock. The stock was sold at an average price of $6.18, for a total transaction of $785,335.86.
• On Thursday, March 5th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $6.86, for a total transaction of $234,982.44.
• On Thursday, March 5th, Timothy Holme sold 127,077 shares of QuantumScape stock. The stock was sold at an average price of $6.86, for a total transaction of $871,748.22.

QuantumScape Trading Down 2.1%

QS traded down $0.18 during trading on Friday, reaching $8.20. 21,298,759 shares of the company’s stock were exchanged, compared to its average volume of 17,220,209. The company’s fifty day moving average price is $7.08 and its 200-day moving average price is $9.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. QuantumScape Corporation has a fifty-two week low of $3.87 and a fifty-two week high of $19.07. The firm has a market capitalization of $5.04 billion, a PE ratio of -10.12 and a beta of 2.57.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same quarter last year, the business posted ($0.21) EPS. As a group, equities analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on QS. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and lowered their target price for the stock from $10.50 to $8.30 in a report on Wednesday, February 18th. TD Cowen reissued a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Morgan Stanley decreased their price target on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price target on shares of QuantumScape in a report on Thursday, February 12th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $11.13.

Hedge Funds Weigh In On QuantumScape

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vestor Capital LLC grew its holdings in shares of QuantumScape by 255.2% in the 1st quarter. Vestor Capital LLC now owns 8,000 shares of the company’s stock valued at $51,000 after buying an additional 5,748 shares during the period. California State Teachers Retirement System grew its holdings in shares of QuantumScape by 23.3% in the 1st quarter. California State Teachers Retirement System now owns 491,725 shares of the company’s stock valued at $3,137,000 after buying an additional 93,079 shares during the period. Empowered Funds LLC boosted its stake in QuantumScape by 12.3% in the 1st quarter. Empowered Funds LLC now owns 15,906 shares of the company’s stock worth $101,000 after purchasing an additional 1,737 shares during the period. The Manufacturers Life Insurance Company boosted its stake in QuantumScape by 10.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 136,224 shares of the company’s stock worth $869,000 after purchasing an additional 12,604 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in QuantumScape by 10.4% in the 1st quarter. Quantinno Capital Management LP now owns 134,057 shares of the company’s stock worth $855,000 after purchasing an additional 12,637 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.