Jeffrey Straubel Sells 157,171 Shares of QuantumScape (NYSE:QS) Stock

Key Points

• Director Jeffrey Straubel sold 157,171 shares on Dec. 19 at an average price of $11.38 for about $1.79 million, cutting his position by 37.07% to 266,828 shares (valued ≈ $3.04M).
• QuantumScape shares were trading around $11.49 (50‑day MA $13.83, 200‑day MA $10.93) with a market cap of about $6.91 billion and a 12‑month range of $3.40–$19.07.
• Analysts have a consensus rating of "Reduce" with an average price target of $9.17 (seven Hold ratings and four Sell ratings reported).

QuantumScape Corporation (NYSE:QS - Get Free Report) Director Jeffrey Straubel sold 157,171 shares of the company's stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $11.38, for a total value of $1,788,605.98. Following the completion of the sale, the director owned 266,828 shares in the company, valued at $3,036,502.64. The trade was a 37.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

QuantumScape Stock Performance

QuantumScape stock traded up $0.06 during mid-day trading on Monday, reaching $11.49. 13,696,145 shares of the stock traded hands, compared to its average volume of 15,327,858. The business's 50-day moving average is $13.83 and its 200-day moving average is $10.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The stock has a market capitalization of $6.91 billion, a PE ratio of -14.19 and a beta of 2.76. QuantumScape Corporation has a 12-month low of $3.40 and a 12-month high of $19.07.

QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.18). During the same quarter in the previous year, the firm posted ($0.23) EPS. As a group, sell-side analysts predict that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

QS has been the subject of several recent research reports. Evercore ISI restated an "in-line" rating and issued a $12.00 price objective (up from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Cowen reaffirmed a "hold" rating on shares of QuantumScape in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of QuantumScape and gave the stock a "hold" rating in a research report on Thursday, October 23rd. HSBC downgraded QuantumScape from a "hold" rating to a "reduce" rating and upped their target price for the stock from $5.30 to $10.50 in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of QuantumScape in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $9.17.

Institutional Investors Weigh In On QuantumScape

A number of hedge funds have recently bought and sold shares of QS. Perbak Capital Partners LLP acquired a new position in QuantumScape during the 1st quarter valued at about $353,000. Nuveen LLC acquired a new position in shares of QuantumScape during the first quarter worth about $2,819,000. Thames Capital Management LLC acquired a new stake in shares of QuantumScape in the second quarter valued at approximately $2,792,000. 111 Capital acquired a new position in shares of QuantumScape during the 2nd quarter worth about $131,000. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of QuantumScape by 131.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 93,581 shares of the company's stock valued at $657,000 after buying an additional 53,200 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.

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