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

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $6.17, for a total transaction of $167,244.02. Following the completion of the transaction, the director owned 158,404 shares in the company, valued at approximately $977,352.68. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuantumScape Price Performance

Shares of QuantumScape stock remained flat at $6.36 on Friday. 9,584,429 shares of the stock were exchanged, compared to its average volume of 13,464,662. The business has a 50 day moving average of $7.52 and a 200 day moving average of $11.11. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year high of $19.07. The stock has a market cap of $3.90 billion, a price-to-earnings 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). During the same period in the prior year, the company earned ($0.22) EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in QS. Morgan Stanley raised its position in QuantumScape by 333.5% in the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock worth $115,938,000 after purchasing an additional 8,559,554 shares during the period. Renaissance Technologies LLC bought a new position in shares of QuantumScape during the fourth quarter valued at about $84,584,000. Vanguard Group Inc. increased its holdings in shares of QuantumScape by 11.8% in the fourth 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of QuantumScape by 456.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after buying an additional 3,904,168 shares during the period. Finally, Man Group plc bought a new stake in shares of QuantumScape in the 3rd quarter valued at about $44,421,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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