Timothy Holme Sells 102,991 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 102,991 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total transaction of $749,774.48. Following the completion of the transaction, the chief technology officer directly owned 1,712,506 shares of the company’s stock, valued at approximately $12,467,043.68. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 Tuesday, June 2nd, Timothy Holme sold 40,615 shares of QuantumScape stock. The shares were 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.
• On Thursday, May 21st, Timothy Holme sold 25,445 shares of QuantumScape stock. The stock was sold at an average price of $8.23, for a total transaction of $209,412.35.
• On Thursday, May 21st, Timothy Holme sold 92,972 shares of QuantumScape stock. The stock was sold at an average price of $8.23, for a total transaction of $765,159.56.
• On Wednesday, May 20th, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $7.50, for a total transaction of $256,905.00.
• On Wednesday, May 20th, Timothy Holme sold 150,183 shares of QuantumScape stock. The shares were sold at an average price of $7.50, for a total transaction of $1,126,372.50.

QuantumScape Trading Down 6.2%

QS traded down $0.45 on Tuesday, hitting $6.79. The company had a trading volume of 31,375,788 shares, compared to its average volume of 18,743,135. The business’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $8.16. 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 12-month low of $5.90 and a 12-month high of $19.07. The company has a market cap of $4.18 billion, a PE ratio of -8.38 and a beta of 2.61.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the previous year, the company earned ($0.21) EPS. Equities research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in QuantumScape during the 3rd quarter valued at about $33,962,000. Norges Bank bought a new stake in QuantumScape in the fourth quarter worth about $29,321,000. Exchange Traded Concepts LLC bought a new stake in QuantumScape in the fourth quarter worth about $4,475,000. Vanguard Group Inc. boosted its position in shares of QuantumScape by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock valued at $426,793,000 after buying an additional 4,323,829 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of QuantumScape during the fourth quarter valued at approximately $3,287,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.