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QuantumScape Corporation (NYSE:QS) CTO Timothy Holme Sells 358,330 Shares

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QuantumScape Corporation (NYSE:QS - Get Free Report) CTO Timothy Holme sold 358,330 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $7.03, for a total transaction of $2,519,059.90. Following the completion of the transaction, the chief technology officer directly owned 1,705,428 shares in the company, valued at approximately $11,989,158.84. The trade was a 17.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, July 7th, Timothy Holme sold 11,906 shares of QuantumScape stock. The stock was sold at an average price of $7.02, for a total transaction of $83,580.12.
  • On Monday, July 7th, Timothy Holme sold 43,500 shares of QuantumScape stock. The stock was sold at an average price of $7.02, for a total transaction of $305,370.00.
  • On Thursday, July 3rd, Timothy Holme sold 98,073 shares of QuantumScape stock. The stock was sold at an average price of $7.03, for a total transaction of $689,453.19.

QuantumScape Price Performance

Shares of NYSE:QS traded up $0.15 during midday trading on Wednesday, reaching $8.33. 49,237,263 shares of the company were exchanged, compared to its average volume of 14,656,130. The company has a current ratio of 16.66, a quick ratio of 16.66 and a debt-to-equity ratio of 0.03. The business's fifty day moving average is $4.80 and its two-hundred day moving average is $4.75. QuantumScape Corporation has a one year low of $3.40 and a one year high of $9.52. The stock has a market cap of $4.66 billion, a PE ratio of -9.15 and a beta of 4.42.

QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the previous year, the company posted ($0.24) EPS. As a group, analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds and other institutional investors have recently modified their holdings of QS. Signaturefd LLC boosted its position in shares of QuantumScape by 2,086.1% during the first quarter. Signaturefd LLC now owns 6,121 shares of the company's stock worth $25,000 after acquiring an additional 5,841 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of QuantumScape during the fourth quarter worth $26,000. Federated Hermes Inc. boosted its position in shares of QuantumScape by 660.0% during the first quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock worth $26,000 after acquiring an additional 5,438 shares during the last quarter. Hollencrest Capital Management raised its stake in QuantumScape by 333.3% during the first quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock valued at $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in QuantumScape during the fourth quarter valued at $29,000. Institutional investors own 29.87% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research report on Monday, April 28th. TD Cowen upgraded shares of QuantumScape to a "hold" rating in a research report on Monday. Finally, UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.19.

Check Out Our Latest Research Report on QS

QuantumScape Company Profile

(Get Free Report)

QuantumScape Corporation, a research and 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.

Further Reading

Insider Buying and Selling by Quarter for QuantumScape (NYSE:QS)

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