Insider Selling: QuantumScape (NYSE:QS) CTO Sells 150,320 Shares of Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 150,320 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $9.30, for a total value of $1,397,976.00. Following the completion of the transaction, the chief technology officer owned 1,712,506 shares of the company’s stock, valued at approximately $15,926,305.80. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 2nd, Timothy Holme sold 40,615 shares of QuantumScape stock. The shares were sold at an average price of $9.30, for a total value of $377,719.50.
• On Thursday, May 21st, Timothy Holme sold 25,445 shares of QuantumScape stock. The shares were sold at an average price of $8.23, for a total value of $209,412.35.
• On Thursday, May 21st, Timothy Holme sold 92,972 shares of QuantumScape stock. The shares were sold at an average price of $8.23, for a total value of $765,159.56.
• On Wednesday, May 20th, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $7.50, for a total value of $256,905.00.
• On Wednesday, May 20th, Timothy Holme sold 150,183 shares of QuantumScape stock. The shares were sold at an average price of $7.50, for a total value of $1,126,372.50.
• On Thursday, April 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $6.18, for a total value of $211,689.72.
• On Thursday, April 2nd, Timothy Holme sold 127,077 shares of QuantumScape stock. The shares were sold at an average price of $6.18, for a total value of $785,335.86.

QuantumScape Stock Up 3.7%

Shares of NYSE:QS traded up $0.32 on Thursday, hitting $9.08. 20,594,052 shares of the company traded hands, compared to its average volume of 17,794,723. QuantumScape Corporation has a 52 week low of $3.94 and a 52 week high of $19.07. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $7.45 and a 200-day simple moving average of $8.90. The company has a market cap of $5.59 billion, a PE ratio of -11.21 and a beta of 2.60.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period in the prior year, the company earned ($0.21) EPS. As a group, research analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on QS shares. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and reduced their price objective for the stock from $10.50 to $8.30 in a report on Wednesday, February 18th. Morgan Stanley reduced their price objective on 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 objective on QuantumScape in a report on Thursday, February 12th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $11.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. REAP Financial Group LLC boosted its position in QuantumScape by 300.0% in the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,500 shares during the last quarter. Tsfg LLC boosted its position in QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,400 shares during the last quarter. VSM Wealth Advisory LLC boosted its position in QuantumScape by 46.8% in the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in QuantumScape in the fourth quarter worth about $25,000. Finally, Albion Financial Group UT boosted its position in QuantumScape by 200.0% in the fourth quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,000 shares during the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.