QuantumScape Corporation (NYSE:QS - Get Free Report) CTO Timothy Holme sold 358,330 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $7.03, for a total value of $2,519,059.90. Following the completion of the transaction, the chief technology officer owned 1,705,428 shares of the company's stock, valued at approximately $11,989,158.84. This trade represents a 17.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 value of $689,453.19.
QuantumScape Price Performance
QS traded up $0.20 during trading on Wednesday, hitting $8.38. 41,270,585 shares of the company traded hands, compared to its average volume of 14,591,407. The company has a market cap of $4.68 billion, a PE ratio of -9.24 and a beta of 4.42. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year high of $9.52. The stock's 50-day simple moving average is $4.71 and its two-hundred day simple moving average is $4.73. The company has a current ratio of 16.66, a quick ratio of 16.66 and a debt-to-equity ratio of 0.03.
QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same period in the previous year, the company posted ($0.24) EPS. As a group, sell-side analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have weighed in on QS. Robert W. Baird decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. The Goldman Sachs Group decreased their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research report on Monday, April 28th. Finally, TD Cowen upgraded shares of QuantumScape to a "hold" rating in a research report on Monday. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $5.19.
Check Out Our Latest Stock Report on QuantumScape
Hedge Funds Weigh In On QuantumScape
Several institutional investors have recently made changes to their positions in QS. Cambridge Investment Research Advisors Inc. grew its stake in QuantumScape by 362.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 379,018 shares of the company's stock valued at $1,577,000 after purchasing an additional 297,097 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in QuantumScape in the fourth quarter worth about $1,527,000. Charles Schwab Investment Management Inc. grew its position in QuantumScape by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock worth $12,103,000 after purchasing an additional 104,894 shares during the last quarter. Vanguard Group Inc. grew its position in QuantumScape by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock worth $168,367,000 after purchasing an additional 956,072 shares during the last quarter. Finally, American Century Companies Inc. grew its position in QuantumScape by 1,091.5% during the 4th quarter. American Century Companies Inc. now owns 432,455 shares of the company's stock worth $2,244,000 after purchasing an additional 396,160 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company's stock.
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.
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