QuantumScape (NYSE:QS) Insider Sells $302,850.00 in Stock

QuantumScape Corporation (NYSE:QS) insider Michael Mccarthy III sold 45,000 shares of QuantumScape stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.73, for a total transaction of $302,850.00. Following the sale, the insider owned 954,219 shares in the company, valued at $6,421,893.87. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

QuantumScape Stock Performance

Shares of NYSE QS traded down $0.23 during trading hours on Friday, reaching $6.69. The stock had a trading volume of 11,779,667 shares, compared to its average volume of 15,293,635. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -8.26 and a beta of 2.51. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $19.07. The firm has a 50-day moving average of $9.05 and a 200-day moving average of $11.31. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS) last announced its 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 quarter last year, the business earned ($0.22) EPS. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Morgan Stanley dropped their target price 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. Robert W. Baird set a $12.00 price target on QuantumScape in a research note on Thursday, February 12th. Evercore reaffirmed 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. Finally, HSBC raised 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. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $8.98.

Institutional Trading of QuantumScape

A number of institutional investors and hedge funds have recently made changes to their positions in QS. VSM Wealth Advisory LLC increased its holdings in shares of QuantumScape by 46.8% in the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after acquiring an additional 750 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in QuantumScape by 0.7% during the third quarter. Vontobel Holding Ltd. now owns 120,753 shares of the company’s stock worth $1,488,000 after purchasing an additional 810 shares during the last quarter. Wedmont Private Capital boosted its holdings in QuantumScape by 5.7% in the third quarter. Wedmont Private Capital now owns 15,115 shares of the company’s stock worth $186,000 after purchasing an additional 815 shares during the period. Coldstream Capital Management Inc. increased its stake in QuantumScape by 8.2% during the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock valued at $153,000 after purchasing an additional 939 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in QuantumScape by 67.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock valued at $31,000 after purchasing an additional 1,005 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Company Profile

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.