QuantumScape (NYSE:QS) CTO Timothy Holme Sells 12,723 Shares of Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 12,723 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $6.01, for a total transaction of $76,465.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, August 19th, Timothy Holme sold 21,531 shares of QuantumScape stock. The shares were sold at an average price of $5.76, for a total transaction of $124,018.56.
• On Wednesday, August 19th, Timothy Holme sold 20,345 shares of QuantumScape stock. The shares were sold at an average price of $5.76, for a total transaction of $117,187.20.
• On Thursday, July 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $7.28, for a total transaction of $249,369.12.
• On Thursday, July 2nd, Timothy Holme sold 102,991 shares of QuantumScape stock. The shares were sold at an average price of $7.28, for a total transaction of $749,774.48.
• 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 transaction of $377,719.50.
• On Tuesday, June 2nd, Timothy Holme sold 150,320 shares of QuantumScape stock. The shares were sold at an average price of $9.30, for a total transaction of $1,397,976.00.

QuantumScape Stock Performance

NYSE QS opened at $5.82 on Wednesday. The firm’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $6.99. The stock has a market cap of $3.60 billion, a PE ratio of -7.19 and a beta of 2.66. QuantumScape Corporation has a fifty-two week low of $4.77 and a fifty-two week high of $19.07. 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 (NYSE:QS) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same quarter last year, the company earned ($0.20) EPS. QuantumScape’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $9.47.

Hedge Funds Weigh In On QuantumScape

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley raised its stake in shares of QuantumScape by 333.5% during the fourth quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock valued at $115,938,000 after acquiring an additional 8,559,554 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in QuantumScape in the fourth quarter valued at $84,584,000. Vanguard Group Inc. raised its position in QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after purchasing an additional 4,323,829 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in QuantumScape by 456.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after purchasing an additional 3,904,168 shares during the last quarter. Finally, Man Group plc acquired a new position in QuantumScape during the 3rd quarter worth about $44,421,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.