Timothy Holme Sells 12,723 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 12,723 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $6.01, for a total transaction of $76,465.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, August 19th, Timothy Holme sold 21,531 shares of QuantumScape stock. The shares were sold at an average price of $5.76, for a total value of $124,018.56.
• 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 value 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 value 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 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 Stock Performance

NYSE:QS traded up $0.10 during trading hours on Tuesday, hitting $5.82. 16,068,830 shares of the company traded hands, compared to its average volume of 19,810,457. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -7.19 and a beta of 2.66. QuantumScape Corporation has a twelve month low of $4.77 and a twelve month high of $19.07. The firm has a 50-day moving average of $6.33 and a 200 day moving average of $7.00. 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 (NYSE:QS) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) earnings per share. On average, analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current year.

Analysts Set New Price Targets

Separately, TD Cowen lowered their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $9.47.

Institutional Investors Weigh In On QuantumScape

Several institutional investors and hedge funds have recently bought and sold shares of QS. Coldstream Capital Management Inc. raised its stake in shares of QuantumScape by 8.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock valued at $153,000 after buying an additional 939 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in 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 during the period. Baird Financial Group Inc. increased its stake in QuantumScape by 8.5% in the second quarter. Baird Financial Group Inc. now owns 18,575 shares of the company’s stock valued at $125,000 after acquiring an additional 1,450 shares during the period. Bank of Montreal Can raised its position in QuantumScape by 5.5% in the fourth quarter. Bank of Montreal Can now owns 29,968 shares of the company’s stock worth $312,000 after purchasing an additional 1,559 shares in the last quarter. Finally, &PARTNERS lifted its stake in QuantumScape by 7.5% during the fourth quarter. &PARTNERS now owns 22,949 shares of the company’s stock worth $239,000 after purchasing an additional 1,596 shares during the period. Institutional investors 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.