QuantumScape (NYSE:QS) Director Jeffrey Straubel Sells 27,106 Shares

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of QuantumScape stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $7.85, for a total transaction of $212,782.10. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

QuantumScape Price Performance

NYSE QS opened at $8.60 on Friday. The firm’s fifty day simple moving average is $6.96 and its two-hundred day simple moving average is $9.68. 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 Corporation has a 12-month low of $3.80 and a 12-month high of $19.07. The firm has a market capitalization of $5.29 billion, a P/E ratio of -10.62 and a beta of 2.57.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same quarter in the previous year, the business earned ($0.21) earnings per share. Analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analyst Ratings Changes

QS has been the topic of several analyst reports. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and cut their price target for the stock from $10.50 to $8.30 in a report on Wednesday, February 18th. TD Cowen reiterated a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Morgan Stanley lowered their price objective 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. Finally, Robert W. Baird set a $12.00 price objective on shares of QuantumScape in a research note on Thursday, February 12th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $11.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of QuantumScape by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after acquiring an additional 4,323,829 shares during the period. Morgan Stanley raised its position in shares of QuantumScape by 333.5% in the fourth quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock worth $115,938,000 after acquiring an additional 8,559,554 shares during the period. Geode Capital Management LLC raised its position in shares of QuantumScape by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company’s stock worth $86,794,000 after acquiring an additional 1,189,748 shares during the period. Renaissance Technologies LLC acquired a new position in shares of QuantumScape in the fourth quarter worth about $84,584,000. Finally, State Street Corp raised its position in shares of QuantumScape by 7.6% in the fourth quarter. State Street Corp now owns 7,500,503 shares of the company’s stock worth $78,155,000 after acquiring an additional 529,602 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.