Insider Selling: QuantumScape (NYSE:QS) CTO Sells 102,991 Shares

QuantumScape Corporation (NYSE:QS) CTO Timothy Holme sold 102,991 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total value of $749,774.48. Following the completion of the transaction, the chief technology officer directly owned 1,712,506 shares in the company, valued at $12,467,043.68. This trade represents a 5.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 stock was sold at an average price of $9.30, for a total transaction of $1,397,976.00.
• On Thursday, May 21st, Timothy Holme sold 25,445 shares of QuantumScape stock. The shares were sold at an average price of $8.23, for a total transaction of $209,412.35.
• On Thursday, May 21st, Timothy Holme sold 92,972 shares of QuantumScape stock. The shares were sold at an average price of $8.23, for a total transaction of $765,159.56.
• On Wednesday, May 20th, Timothy Holme sold 34,254 shares of QuantumScape stock. The stock was sold at an average price of $7.50, for a total transaction of $256,905.00.
• On Wednesday, May 20th, Timothy Holme sold 150,183 shares of QuantumScape stock. The stock was sold at an average price of $7.50, for a total transaction of $1,126,372.50.

QuantumScape Price Performance

Shares of NYSE:QS traded down $0.45 during trading on Tuesday, reaching $6.79. 31,375,788 shares of the company’s stock traded hands, compared to its average volume of 18,743,135. QuantumScape Corporation has a fifty-two week low of $5.90 and a fifty-two week high of $19.07. 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 firm has a market cap of $4.18 billion, a PE ratio of -8.38 and a beta of 2.61. The company has a 50-day simple moving average of $7.77 and a 200-day simple moving average of $8.16.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same period last year, the firm posted ($0.21) earnings per share. As a group, analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in QuantumScape in the 4th quarter worth $25,000. Albion Financial Group UT lifted its holdings in QuantumScape by 200.0% during the fourth quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,000 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after purchasing an additional 3,311 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of QuantumScape by 373.6% in the fourth quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock valued at $41,000 after purchasing an additional 3,071 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of QuantumScape in the fourth quarter valued at about $48,000. Hedge funds and other 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.