Insider Selling: QuantumScape Co. (NYSE:QS) CTO Sells 300,000 Shares of Stock

QuantumScape Co. (NYSE:QSGet Rating) CTO Timothy Holme sold 300,000 shares of QuantumScape stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $11.78, for a total value of $3,534,000.00. Following the completion of the sale, the chief technology officer now directly owns 356,792 shares in the company, valued at $4,203,009.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, May 20th, Timothy Holme sold 300,000 shares of QuantumScape stock. The stock was sold at an average price of $11.93, for a total value of $3,579,000.00.

QuantumScape Trading Down 0.2 %

Shares of NYSE:QS traded down $0.03 during trading hours on Friday, hitting $12.28. 4,179,576 shares of the company’s stock traded hands, compared to its average volume of 7,767,390. QuantumScape Co. has a 1 year low of $8.22 and a 1 year high of $43.08. The business has a fifty day moving average price of $10.33 and a 200-day moving average price of $13.96. The firm has a market capitalization of $5.28 billion, a P/E ratio of -17.06 and a beta of 6.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 32.11 and a quick ratio of 48.57.

QuantumScape (NYSE:QSGet Rating) last announced its earnings results on Wednesday, July 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.03). During the same quarter last year, the firm posted ($0.44) earnings per share. The business’s revenue for the quarter was up NaN% compared to the same quarter last year. Equities analysts expect that QuantumScape Co. will post -0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CarsonAllaria Wealth Management Ltd. bought a new position in QuantumScape in the fourth quarter worth approximately $25,000. Atticus Wealth Management LLC bought a new position in QuantumScape in the first quarter worth approximately $27,000. Fifth Third Bancorp grew its stake in QuantumScape by 103.6% in the first quarter. Fifth Third Bancorp now owns 1,425 shares of the company’s stock worth $28,000 after purchasing an additional 725 shares in the last quarter. HHM Wealth Advisors LLC grew its stake in QuantumScape by 148.2% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,365 shares of the company’s stock worth $30,000 after purchasing an additional 815 shares in the last quarter. Finally, Nauset Wealth Management. LLC bought a new position in QuantumScape in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 25.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on QS shares. The Goldman Sachs Group reduced their target price on QuantumScape from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, June 1st. Morgan Stanley reduced their target price on QuantumScape from $30.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on QuantumScape from $20.00 to $13.00 in a research report on Thursday, July 28th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

QuantumScape Company Profile

(Get Rating)

QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

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