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

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 34,120 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $6.97, for a total transaction of $237,816.40. Following the sale, the chief technology officer owned 1,088,228 shares of the company’s stock, valued at approximately $7,584,949.16. This represents a 3.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, February 19th, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were 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 shares were 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 stock was 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 shares were 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 stock was 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 Stock Performance

Shares of QuantumScape stock traded down $0.29 during trading hours on Friday, hitting $6.88. 15,011,793 shares of the company were exchanged, compared to its average volume of 15,872,389. 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 business has a 50-day moving average of $9.99 and a 200-day moving average of $11.46. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year high of $19.07. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of -8.49 and a beta of 2.51.

QuantumScape (NYSE:QS) last announced its quarterly earnings data 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). QuantumScape’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) EPS. As a group, analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

QS has been the topic of a number of analyst reports. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Wednesday. Robert W. Baird set a $12.00 price target on QuantumScape in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on QuantumScape and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Evercore reissued an “in-line” rating and set a $12.00 price objective (up previously from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and decreased their price target for the stock from $10.50 to $8.30 in a research note on Wednesday. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, QuantumScape presently has an average rating of “Reduce” and an average price target of $8.98.

Institutional Investors Weigh In On QuantumScape

A number of large investors have recently bought and sold shares of QS. Tsfg LLC lifted its position in shares of 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 in the last quarter. REAP Financial Group LLC raised its stake in 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 last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in QuantumScape in the 4th quarter valued at about $25,000. Russell Investments Group Ltd. boosted its stake in shares of QuantumScape by 685.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after purchasing an additional 3,311 shares during the last quarter. Finally, North Capital Inc. purchased a new stake in shares of QuantumScape during the second quarter worth about $27,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.