QuantumScape (NYSE:QS) Director Sells $305,755.68 in Stock

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $11.28, for a total transaction of $305,755.68. Following the completion of the transaction, the director owned 239,722 shares in the company, valued at $2,704,064.16. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

QuantumScape Stock Performance

QuantumScape stock traded down $0.40 during midday trading on Wednesday, hitting $10.91. The company’s stock had a trading volume of 10,854,540 shares, compared to its average volume of 13,735,995. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The company has a market cap of $6.56 billion, a price-to-earnings ratio of -13.47 and a beta of 2.60. QuantumScape Corporation has a 1-year low of $3.40 and a 1-year high of $19.07. The company has a 50-day moving average price of $12.76 and a two-hundred day moving average price of $11.44.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). During the same quarter in the prior year, the firm earned ($0.23) EPS. As a group, sell-side analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on QS. Evercore ISI reiterated an “in-line” rating and set a $12.00 target price (up from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. HSBC downgraded QuantumScape from a “hold” rating to a “reduce” rating and boosted their price target for the company from $5.30 to $10.50 in a research note on Wednesday, November 19th. Hsbc Global Res upgraded shares of QuantumScape to a “moderate sell” rating in a research note on Wednesday, November 19th. TD Cowen raised their target price on shares of QuantumScape from $5.00 to $16.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Finally, Morgan Stanley assumed coverage on shares of QuantumScape in a report on Monday, December 8th. They set an “equal weight” rating and a $12.00 price target for the company. Seven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of QuantumScape by 1.2% in the third quarter. Vanguard Group Inc. now owns 36,635,232 shares of the company’s stock worth $451,346,000 after acquiring an additional 422,378 shares during the last quarter. Geode Capital Management LLC increased its position in QuantumScape by 12.5% during the 2nd quarter. Geode Capital Management LLC now owns 6,914,680 shares of the company’s stock worth $46,475,000 after purchasing an additional 768,070 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in QuantumScape by 456.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock valued at $19,799,000 after purchasing an additional 3,904,168 shares during the last quarter. Two Sigma Investments LP lifted its stake in QuantumScape by 150.1% in the 3rd quarter. Two Sigma Investments LP now owns 3,630,275 shares of the company’s stock valued at $44,725,000 after purchasing an additional 2,178,918 shares during the last quarter. Finally, Man Group plc acquired a new stake in QuantumScape in the third quarter valued at approximately $44,421,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

About QuantumScape

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.