QuantumScape (NYSE:QS) Director Sells $212,782.10 in Stock

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $7.85, for a total value of $212,782.10. Following the completion of the sale, the director directly owned 131,298 shares in the company, valued at $1,030,689.30. This represents a 17.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

QuantumScape Stock Performance

QS stock traded down $0.06 during mid-day trading on Thursday, reaching $8.60. The company had a trading volume of 30,122,736 shares, compared to its average volume of 16,856,131. QuantumScape Corporation has a one year low of $3.80 and a one year high of $19.07. The stock has a market capitalization of $5.29 billion, a P/E ratio of -10.62 and a beta of 2.57. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $6.92 and its two-hundred day simple moving average is $9.73.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same quarter last year, the firm posted ($0.21) earnings per share. Research analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current year.

Institutional Trading of QuantumScape

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP bought a new position in shares of QuantumScape in the first quarter valued at approximately $77,000. Dimensional Fund Advisors LP raised its holdings in QuantumScape by 134.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,735,035 shares of the company’s stock worth $36,570,000 after purchasing an additional 3,290,942 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in QuantumScape by 20.8% in the first quarter. Ascent Wealth Partners LLC now owns 18,739 shares of the company’s stock worth $120,000 after purchasing an additional 3,232 shares during the period. Independent Financial Group LLC bought a new position in QuantumScape during the 1st quarter valued at $129,000. Finally, Wealthfront Advisers LLC boosted its stake in QuantumScape by 99.4% during the 1st quarter. Wealthfront Advisers LLC now owns 101,593 shares of the company’s stock valued at $648,000 after purchasing an additional 50,640 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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