QuantumScape (NYSE:QS) CTO Timothy Holme Sells 127,077 Shares

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 127,077 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $6.18, for a total value of $785,335.86. Following the completion of the transaction, the chief technology officer directly owned 1,108,182 shares of the company’s stock, valued at approximately $6,848,564.76. This trade represents a 10.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $6.18, for a total value of $211,689.72.
• On Thursday, March 5th, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $6.86, for a total value of $234,982.44.
• On Thursday, March 5th, Timothy Holme sold 127,077 shares of QuantumScape stock. The shares were sold at an average price of $6.86, for a total value of $871,748.22.
• On Friday, February 20th, Timothy Holme sold 34,120 shares of QuantumScape stock. The stock was sold at an average price of $6.97, for a total value of $237,816.40.
• On Thursday, February 19th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was 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 shares were 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

Shares of QuantumScape stock remained flat at $6.36 during trading on Friday. 9,584,429 shares of the stock traded hands, compared to its average volume of 13,464,662. 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 business’s fifty day simple moving average is $7.52 and its two-hundred day simple moving average is $11.11. QuantumScape Corporation has a 1-year low of $3.40 and a 1-year high of $19.07. The firm has a market cap of $3.90 billion, a P/E ratio of -7.85 and a beta of 2.54.

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

Hedge Funds Weigh In On QuantumScape

Hedge funds have recently made changes to their positions in the business. Tsfg LLC boosted 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 increased its stake in QuantumScape by 300.0% in the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,500 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in QuantumScape during the 4th quarter worth about $25,000. Russell Investments Group Ltd. lifted its position in 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 in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of QuantumScape by 538.7% during 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 during the last quarter. 29.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and cut their target price for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. TD Cowen restated a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Robert W. Baird set a $12.00 price target on QuantumScape in a research report on Thursday, February 12th. Finally, Morgan Stanley decreased 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. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, QuantumScape currently 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.