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

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 127,077 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $6.86, for a total value of $871,748.22. Following the transaction, the chief technology officer owned 1,108,182 shares in the company, valued at approximately $7,602,128.52. This trade represents a 10.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 Friday, February 20th, Timothy Holme sold 34,120 shares of QuantumScape stock. The shares were sold at an average price of $6.97, for a total transaction 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 stock was 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 Trading Down 3.3%

Shares of QS stock traded down $0.23 on Friday, hitting $6.69. The stock had a trading volume of 11,779,667 shares, compared to its average volume of 15,293,635. 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 Corporation has a twelve month low of $3.40 and a twelve month high of $19.07. The company has a fifty day moving average price of $9.05 and a two-hundred day moving average price of $11.31. The firm has a market cap of $4.02 billion, a P/E ratio of -8.26 and a beta of 2.51.

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

Institutional Trading of QuantumScape

A number of hedge funds and other institutional investors have recently modified their holdings of QS. Hsbc Holdings PLC raised its holdings in QuantumScape by 145.7% during the fourth quarter. Hsbc Holdings PLC now owns 249,036 shares of the company’s stock worth $2,606,000 after acquiring an additional 147,697 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of QuantumScape during the 4th quarter worth approximately $3,287,000. Invesco Ltd. raised its stake in shares of QuantumScape by 4.6% during the 4th quarter. Invesco Ltd. now owns 1,751,018 shares of the company’s stock worth $18,246,000 after purchasing an additional 76,711 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of QuantumScape by 156.0% in the 4th quarter. Corient Private Wealth LLC now owns 30,519 shares of the company’s stock valued at $318,000 after buying an additional 18,599 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of QuantumScape by 25.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,528 shares of the company’s stock valued at $235,000 after buying an additional 4,602 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on QS shares. TD Cowen reissued a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Morgan Stanley reduced their price target 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 objective on shares of QuantumScape in a report on Thursday, February 12th. Evercore reaffirmed an “in-line” rating and issued a $12.00 price objective (up from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Finally, HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and lowered their target price for the stock from $10.50 to $8.30 in a report 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. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $8.98.

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.