QuantumScape (NYSE:QS) CTO Timothy Holme Sells 150,183 Shares

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 150,183 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $7.50, for a total value of $1,126,372.50. Following the transaction, the chief technology officer owned 1,712,506 shares in the company, valued at approximately $12,843,795. This represents a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 20th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $7.50, for a total value of $256,905.00.
• On Thursday, April 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $6.18, for a total value of $211,689.72.
• On Thursday, April 2nd, Timothy Holme sold 127,077 shares of QuantumScape stock. The stock was sold at an average price of $6.18, for a total value of $785,335.86.
• 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 Thursday, March 5th, Timothy Holme sold 127,077 shares of QuantumScape stock. The stock was sold at an average price of $6.86, for a total transaction of $871,748.22.
• 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 shares were 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 stock was sold at an average price of $7.10, for a total transaction of $902,246.70.

QuantumScape Trading Up 5.1%

Shares of QS stock traded up $0.37 on Wednesday, hitting $7.67. The stock had a trading volume of 17,076,796 shares, compared to its average volume of 17,038,379. The firm has a market cap of $4.72 billion, a P/E ratio of -9.47 and a beta of 2.57. QuantumScape Corporation has a twelve month low of $3.80 and a twelve month high of $19.07. The company has a fifty day moving average price of $7.02 and a two-hundred day moving average price of $9.44. 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 issued its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same quarter in the prior year, the firm earned ($0.21) EPS. 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 bought and sold shares of QS. Tsfg LLC grew its stake in QuantumScape by 233.3% in the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,400 shares in the last quarter. REAP Financial Group LLC boosted its stake in shares of QuantumScape by 300.0% in the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in QuantumScape during the 4th quarter valued at $25,000. Russell Investments Group Ltd. boosted its position in QuantumScape by 685.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after buying an additional 3,311 shares during the period. Finally, VSM Wealth Advisory LLC boosted its position in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after buying an additional 750 shares during the period. Institutional investors own 29.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on QS shares. Robert W. Baird set a $12.00 price objective on shares of QuantumScape in a research note on Thursday, February 12th. Morgan Stanley decreased their price target on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and decreased their price target for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. Finally, TD Cowen reiterated a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, QuantumScape has a consensus rating of “Reduce” and an average target price of $11.13.

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.