Timothy Holme Sells 127,077 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 127,077 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $6.18, for a total value of $785,335.86. Following the sale, the chief technology officer owned 1,108,182 shares in the company, valued at $6,848,564.76. The trade was a 10.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $6.18, for a total value of $211,689.72.
• On Thursday, March 5th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $6.86, for a total value of $234,982.44.
• On Thursday, March 5th, Timothy Holme sold 127,077 shares of QuantumScape stock. The stock was sold at an average price of $6.86, for a total value of $871,748.22.
• On Friday, February 20th, Timothy Holme sold 34,120 shares of QuantumScape stock. The shares were sold at an average price of $6.97, for a total value of $237,816.40.
• On Thursday, February 19th, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $7.10, for a total transaction of $243,203.40.
• On Thursday, February 19th, Timothy Holme sold 127,077 shares of QuantumScape stock. The stock was sold at an average price of $7.10, for a total transaction of $902,246.70.
• On Monday, January 5th, Timothy Holme sold 44,922 shares of QuantumScape stock. The stock was sold at an average price of $11.28, for a total transaction of $506,720.16.
• On Monday, January 5th, Timothy Holme sold 166,440 shares of QuantumScape stock. The shares were sold at an average price of $11.28, for a total transaction of $1,877,443.20.

QuantumScape Stock Performance

Shares of QS remained flat at $6.36 during midday trading on Friday. 9,584,429 shares of the stock were exchanged, compared to its average volume of 13,464,662. The company’s 50 day simple moving average is $7.52 and its 200 day simple moving average is $11.11. QuantumScape Corporation has a 52 week low of $3.40 and a 52 week high of $19.07. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -7.85 and a beta of 2.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). During the same quarter in the prior year, the company earned ($0.22) EPS. The firm’s revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Cowen restated a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Robert W. Baird set a $12.00 target price on QuantumScape in a report on Thursday, February 12th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and dropped their price target for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. Finally, Morgan Stanley cut their price target on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $8.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in QuantumScape by 145.7% during the fourth quarter. Hsbc Holdings PLC now owns 249,036 shares of the company’s stock worth $2,606,000 after acquiring an additional 147,697 shares during the last quarter. DUTCH ASSET Corp acquired a new position in shares of QuantumScape in the fourth quarter valued at approximately $210,000. Corient Private Wealth LLC grew its position in shares of QuantumScape by 37.5% in the fourth quarter. Corient Private Wealth LLC now owns 16,389 shares of the company’s stock valued at $171,000 after purchasing an additional 4,469 shares during the last quarter. Virtu Financial LLC bought a new position in shares of QuantumScape during the fourth quarter worth approximately $3,287,000. Finally, Invesco Ltd. lifted its holdings in QuantumScape by 4.6% during the 4th quarter. Invesco Ltd. now owns 1,751,018 shares of the company’s stock worth $18,246,000 after purchasing an additional 76,711 shares during the last quarter. 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.