QuantumScape (NYSE:QS) CTO Timothy Holme Sells 21,531 Shares

QuantumScape Corporation (NYSE:QSGet Free Report) CTO Timothy Holme sold 21,531 shares of QuantumScape stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $5.76, for a total value of $124,018.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, 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 value 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 stock was sold at an average price of $7.28, for a total transaction 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 traded down $0.18 during trading on Thursday, hitting $5.70. 19,151,904 shares of the company were exchanged, compared to its average volume of 19,787,191. QuantumScape Corporation has a fifty-two week low of $4.77 and a fifty-two week high of $19.07. The firm has a 50 day moving average price of $6.38 and a 200 day moving average price of $7.05. 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 has a market capitalization of $3.53 billion, a price-to-earnings ratio of -7.04 and a beta of 2.67.

QuantumScape (NYSE:QSGet Free Report) last released its earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) earnings per share. On average, equities analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TD Cowen decreased 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 analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.47.

Check Out Our Latest Stock Report on QuantumScape

Hedge Funds Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in QuantumScape during the 2nd quarter worth approximately $1,079,000. Bank of New York Mellon Corp bought a new position in shares of QuantumScape in the second quarter valued at about $9,619,000. Taylor & Morgan Wealth Management LLC bought a new stake in QuantumScape during the 2nd quarter worth about $88,000. Handelsbanken Fonder AB increased its position in QuantumScape by 145.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 308,800 shares of the company’s stock valued at $2,335,000 after acquiring an additional 183,000 shares in the last quarter. Finally, Bay Rivers Group raised its stake in shares of QuantumScape by 13.6% in the second quarter. Bay Rivers Group now owns 15,967 shares of the company’s stock worth $121,000 after acquiring an additional 1,906 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

About QuantumScape

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for QuantumScape (NYSE:QS)

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