QuantumScape (NYSE:QS) Director Sells $305,755.68 in Stock

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $11.28, for a total value of $305,755.68. Following the sale, the director directly owned 239,722 shares of the company’s stock, valued at $2,704,064.16. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

QuantumScape Trading Down 2.6%

NYSE:QS opened at $10.61 on Friday. QuantumScape Corporation has a 12-month low of $3.40 and a 12-month high of $19.07. 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 stock’s 50 day simple moving average is $12.40 and its 200-day simple moving average is $11.47. The firm has a market cap of $6.38 billion, a P/E ratio of -13.10 and a beta of 2.60.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.18). During the same quarter in the previous year, the business earned ($0.23) earnings per share. Equities analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on QS shares. Hsbc Global Res raised shares of QuantumScape to a “moderate sell” rating in a report on Wednesday, November 19th. TD Cowen increased their target price on QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a research note on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Finally, Evercore ISI reissued an “in-line” rating and issued a $12.00 target price (up previously from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Seven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $9.17.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently modified their holdings of QS. Tsfg LLC raised its holdings in QuantumScape by 233.3% during 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. REAP Financial Group LLC raised its stake in shares of QuantumScape by 300.0% during the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,500 shares during the last quarter. Russell Investments Group Ltd. raised 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 buying an additional 3,311 shares during the last quarter. North Capital Inc. purchased a new stake in shares of QuantumScape in the 2nd quarter worth about $27,000. Finally, Global Retirement Partners LLC boosted its position in shares of QuantumScape by 538.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock worth $28,000 after buying an additional 1,950 shares in the last quarter. 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.