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

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 21,531 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $5.76, for a total transaction of $124,018.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 stock was 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 stock was 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 shares were sold at an average price of $9.30, for a total transaction of $377,719.50.
• On Tuesday, June 2nd, Timothy Holme sold 150,320 shares of QuantumScape stock. The shares were sold at an average price of $9.30, for a total transaction of $1,397,976.00.

QuantumScape Stock Down 3.1%

QS stock traded down $0.18 during trading hours on Thursday, reaching $5.70. 19,151,904 shares of the stock were exchanged, compared to its average volume of 19,787,191. The firm’s 50-day moving average is $6.38 and its 200-day moving average is $7.05. QuantumScape Corporation has a 12 month low of $4.77 and a 12 month high of $19.07. The company has a market cap of $3.53 billion, a price-to-earnings ratio of -7.04 and a beta of 2.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

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

Institutional Trading of QuantumScape

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its holdings in shares of QuantumScape by 8.2% during the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock worth $153,000 after purchasing an additional 939 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of QuantumScape by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 62,023 shares of the company’s stock valued at $646,000 after acquiring an additional 1,275 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of QuantumScape by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 18,575 shares of the company’s stock valued at $125,000 after purchasing an additional 1,450 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of QuantumScape by 5.5% during the 4th quarter. Bank of Montreal Can now owns 29,968 shares of the company’s stock worth $312,000 after acquiring an additional 1,559 shares during the last quarter. Finally, &PARTNERS raised its holdings in shares of QuantumScape by 7.5% in the 4th quarter. &PARTNERS now owns 22,949 shares of the company’s stock valued at $239,000 after purchasing an additional 1,596 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TD Cowen lowered their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Friday, July 24th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, QuantumScape presently has a consensus rating of “Reduce” and a consensus target price 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.