Insider Selling: QuantumScape (NYSE:QS) Director Sells $1,788,605.98 in Stock

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 157,171 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $11.38, for a total transaction of $1,788,605.98. Following the completion of the sale, the director owned 266,828 shares of the company’s stock, valued at $3,036,502.64. This represents a 37.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

QuantumScape Price Performance

Shares of NYSE:QS opened at $11.16 on Thursday. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $19.07. The business has a 50-day moving average of $13.59 and a two-hundred day moving average of $10.98. The stock has a market capitalization of $6.71 billion, a P/E ratio of -13.77 and a beta of 2.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). During the same period last year, the business posted ($0.23) EPS. On average, equities research analysts predict that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Nuveen LLC acquired a new position in QuantumScape in the 1st quarter valued at approximately $2,819,000. HighTower Advisors LLC increased its position in shares of QuantumScape by 13.7% during the first quarter. HighTower Advisors LLC now owns 23,611 shares of the company’s stock valued at $98,000 after purchasing an additional 2,838 shares during the period. American Century Companies Inc. raised its stake in shares of QuantumScape by 39.6% in the first quarter. American Century Companies Inc. now owns 603,652 shares of the company’s stock valued at $2,511,000 after purchasing an additional 171,197 shares in the last quarter. Hsbc Holdings PLC lifted its position in QuantumScape by 162.9% in the first quarter. Hsbc Holdings PLC now owns 48,261 shares of the company’s stock worth $200,000 after purchasing an additional 29,904 shares during the period. Finally, Jump Financial LLC acquired a new stake in QuantumScape during the first quarter worth $2,134,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QS shares. Evercore ISI restated an “in-line” rating and issued a $12.00 price objective (up from $8.00) on shares of QuantumScape in a research note on Monday, November 24th. Morgan Stanley initiated coverage on shares of QuantumScape in a report on Monday, December 8th. They issued an “equal weight” rating and a $12.00 target price on the stock. TD Cowen boosted their target price on shares of QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Hsbc Global Res raised QuantumScape to a “moderate sell” rating in a research report on Wednesday, November 19th. Finally, Cowen restated a “hold” rating on shares of QuantumScape in a research note on Thursday, October 30th. Seven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, QuantumScape currently has an average rating of “Reduce” and a consensus price target of $9.17.

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.