QuantumScape (NYSE:QS) CTO Sells $76,465.23 in Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 12,723 shares of QuantumScape stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $6.01, for a total value of $76,465.23. The sale was disclosed in a legal 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 stock was 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 stock was 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 Up 1.7%

Shares of QuantumScape stock traded up $0.10 during midday trading on Tuesday, hitting $5.82. The company’s stock had a trading volume of 16,068,830 shares, compared to its average volume of 19,810,457. QuantumScape Corporation has a 1-year low of $4.77 and a 1-year high of $19.07. 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 firm has a market capitalization of $3.60 billion, a P/E ratio of -7.19 and a beta of 2.66. The stock has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $7.00.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period last year, the business earned ($0.20) EPS. The firm’s revenue was up .0% on a year-over-year basis. As a group, sell-side analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in QuantumScape during the second quarter valued at $258,000. California State Teachers Retirement System raised its stake in shares of QuantumScape by 716.4% during the 2nd quarter. California State Teachers Retirement System now owns 4,014,678 shares of the company’s stock worth $30,351,000 after purchasing an additional 3,522,953 shares in the last quarter. Wedmont Private Capital raised its stake in shares of QuantumScape by 8.9% during the 2nd quarter. Wedmont Private Capital now owns 24,919 shares of the company’s stock worth $188,000 after purchasing an additional 2,032 shares in the last quarter. Kintra Wealth LLC grew its stake in shares of QuantumScape by 11.3% in the 2nd quarter. Kintra Wealth LLC now owns 18,040 shares of the company’s stock valued at $136,000 after buying an additional 1,828 shares in the last quarter. Finally, Shah Wealth Advisors LLC bought a new stake in shares of QuantumScape in the 2nd quarter valued at approximately $310,000. 29.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TD Cowen decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.47.

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.