Insider Selling: QuantumScape (NYSE:QS) CTO Sells 127,077 Shares of Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 127,077 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $6.86, for a total value of $871,748.22. Following the completion of the transaction, the chief technology officer owned 1,108,182 shares of the company’s stock, valued at $7,602,128.52. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, March 5th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $6.86, for a total transaction of $234,982.44.
• On Friday, February 20th, Timothy Holme sold 34,120 shares of QuantumScape stock. The shares were sold at an average price of $6.97, for a total transaction of $237,816.40.
• 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 stock was 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 shares were sold at an average price of $11.28, for a total transaction of $506,720.16.
• On Monday, January 5th, Timothy Holme sold 166,440 shares of QuantumScape stock. The stock was sold at an average price of $11.28, for a total transaction of $1,877,443.20.

QuantumScape Price Performance

QS traded down $0.23 during midday trading on Friday, reaching $6.69. 11,779,667 shares of the company’s stock were exchanged, compared to its average volume of 15,293,635. 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 business has a 50-day simple moving average of $9.05 and a two-hundred day simple moving average of $11.31. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of -8.26 and a beta of 2.51. QuantumScape Corporation has a one year low of $3.40 and a one year high of $19.07.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned ($0.22) earnings per share. As a group, research analysts predict that QuantumScape Corporation will post -0.82 EPS for the current year.

Institutional Trading of QuantumScape

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 4,323,829 shares during the period. Morgan Stanley grew its holdings in QuantumScape by 333.5% during the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock worth $115,938,000 after acquiring an additional 8,559,554 shares during the period. Geode Capital Management LLC raised its position in shares of QuantumScape by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company’s stock valued at $86,794,000 after acquiring an additional 1,189,748 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of QuantumScape during the 4th quarter valued at $84,584,000. Finally, State Street Corp lifted its stake in shares of QuantumScape by 7.6% in the 4th quarter. State Street Corp now owns 7,500,503 shares of the company’s stock valued at $78,155,000 after purchasing an additional 529,602 shares during the period. 29.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Morgan Stanley dropped their price objective on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Evercore reiterated an “in-line” rating and issued a $12.00 target price (up from $8.00) on shares of QuantumScape in a research note on Monday, November 24th. HSBC upgraded 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 report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price objective on QuantumScape in a research report on Thursday, February 12th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $8.98.

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.