Jeffrey Straubel Sells 27,106 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $7.85, for a total value of $212,782.10. Following the completion of the transaction, the director directly owned 131,298 shares in the company, valued at approximately $1,030,689.30. The trade was a 17.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

QuantumScape Stock Down 0.7%

Shares of QS stock traded down $0.06 during mid-day trading on Thursday, reaching $8.60. 30,122,736 shares of the company were exchanged, compared to its average volume of 16,856,131. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The business’s 50 day simple moving average is $6.92 and its 200 day simple moving average is $9.73. The company has a market capitalization of $5.29 billion, a P/E ratio of -10.62 and a beta of 2.57. QuantumScape Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $19.07.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same quarter last year, the firm earned ($0.21) earnings per share. Research analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on QS shares. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Robert W. Baird set a $12.00 price objective on QuantumScape in a research note on Thursday, February 12th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and reduced their target price for the stock from $10.50 to $8.30 in a report on Wednesday, February 18th. Finally, Morgan Stanley lowered their price target on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $11.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. VSM Wealth Advisory LLC raised its stake in QuantumScape by 46.8% during the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after acquiring an additional 750 shares during the period. Coldstream Capital Management Inc. lifted its holdings in QuantumScape by 8.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock worth $153,000 after acquiring an additional 939 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in QuantumScape by 67.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock valued at $31,000 after acquiring an additional 1,005 shares during the period. CWM LLC grew its holdings in shares of QuantumScape by 69.1% during the third quarter. CWM LLC now owns 2,625 shares of the company’s stock valued at $32,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of QuantumScape by 6.0% during the third quarter. Maryland State Retirement & Pension System now owns 20,855 shares of the company’s stock valued at $257,000 after purchasing an additional 1,173 shares during the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

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.