Timothy Holme Sells 12,723 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 12,723 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $6.01, for a total transaction of $76,465.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, August 19th, Timothy Holme sold 21,531 shares of QuantumScape stock. The shares were sold at an average price of $5.76, for a total transaction of $124,018.56.
• On Wednesday, August 19th, Timothy Holme sold 20,345 shares of QuantumScape stock. The shares were sold at an average price of $5.76, for a total transaction of $117,187.20.
• On Thursday, July 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $7.28, for a total transaction of $249,369.12.
• On Thursday, July 2nd, Timothy Holme sold 102,991 shares of QuantumScape stock. The shares were sold at an average price of $7.28, for a total value of $749,774.48.
• On Tuesday, June 2nd, Timothy Holme sold 40,615 shares of QuantumScape stock. The stock was sold at an average price of $9.30, for a total value of $377,719.50.
• On Tuesday, June 2nd, Timothy Holme sold 150,320 shares of QuantumScape stock. The stock was sold at an average price of $9.30, for a total value of $1,397,976.00.

QuantumScape Price Performance

Shares of QuantumScape stock opened at $5.74 on Thursday. The stock has a 50 day moving average of $6.28 and a 200 day moving average of $6.97. QuantumScape Corporation has a 12 month low of $4.77 and a 12 month high of $19.07. The firm has a market cap of $3.55 billion, a PE ratio of -7.09 and a beta of 2.66. 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 released its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) earnings per share. On average, research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On QuantumScape

Institutional investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of QuantumScape during the 4th quarter valued at approximately $25,000. Russell Investments Group Ltd. lifted its position in QuantumScape by 685.5% in the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after buying an additional 3,311 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in QuantumScape by 101.5% during the second quarter. TD Waterhouse Canada Inc. now owns 5,361 shares of the company’s stock worth $41,000 after buying an additional 2,700 shares during the period. Danske Bank A S purchased a new position in QuantumScape during the fourth quarter worth $48,000. Finally, Vestor Capital LLC increased its position in QuantumScape by 255.2% during the first quarter. Vestor Capital LLC now owns 8,000 shares of the company’s stock valued at $51,000 after acquiring an additional 5,748 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, TD Cowen reduced their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Five 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.com, QuantumScape currently has a consensus rating of “Reduce” and an average price target of $9.47.

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.