William John Sempolinski Makes New Investment in QuantumScape Corporation $QS

Key Points

• William John Sempolinski acquired 201,990 QuantumScape shares in the second quarter, valued at approximately $1.53 million. Institutional ownership stands at 29.87%.
• QuantumScape reported a quarterly loss of $0.16 per share, beating analysts’ $0.18 loss estimate. Analysts expect a full-year loss of $0.82 per share.
• The stock opened at $5.48, near its 12-month low, while TD Cowen lowered its price target from $8 to $6; the analyst consensus is “Reduce” with a $9.47 target price.

William John Sempolinski bought a new position in QuantumScape Corporation (NYSE:QS - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 201,990 shares of the company's stock, valued at approximately $1,527,000.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in QuantumScape during the fourth quarter worth about $29,321,000. Handelsbanken Fonder AB boosted its holdings in QuantumScape by 145.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 308,800 shares of the company's stock valued at $2,335,000 after purchasing an additional 183,000 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of QuantumScape in the 2nd quarter valued at approximately $9,619,000. AXQ Capital LP grew its stake in shares of QuantumScape by 313.2% in the 2nd quarter. AXQ Capital LP now owns 463,653 shares of the company's stock valued at $3,505,000 after buying an additional 351,451 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of QuantumScape by 134.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,735,035 shares of the company's stock worth $36,570,000 after buying an additional 3,290,942 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company's stock.

QuantumScape Stock Performance

NYSE QS opened at $5.48 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of -6.77 and a beta of 2.68. 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 Corporation has a twelve month low of $4.77 and a twelve month high of $19.07. The stock has a fifty day simple moving average of $6.01 and a 200-day simple moving average of $6.84.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.02. The business's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company earned ($0.20) EPS. Equities analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Insider Activity

In other QuantumScape news, CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total transaction of $71,344.00. Following the completion of the sale, the chief financial officer directly owned 1,816,257 shares in the company, valued at $13,222,350.96. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Timothy Holme sold 102,991 shares of QuantumScape stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $7.28, for a total transaction of $749,774.48. Following the sale, the chief technology officer owned 1,712,506 shares of the company's stock, valued at approximately $12,467,043.68. This represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 211,444 shares of company stock valued at $1,465,971. 3.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, TD Cowen reduced their price target on shares of QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, QuantumScape currently has a consensus rating of "Reduce" and a consensus target price of $9.47.

QuantumScape 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.

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