QuantumScape (NYSE:QS) CTO Timothy Holme Sells 23,244 Shares of Stock

Key Points

• Timothy Holme, CTO of QuantumScape, sold a total of 23,244 shares on September 8th for approximately $223,839.72, decreasing his ownership by 1.61% but still holding 1,422,060 shares valued at around $13.69 million.
• QuantumScape's stock traded up to $9.53 on the day of the report, with a significant trading volume of over 101 million shares, far surpassing its average volume of approximately 15 million shares.
• Analysts have mixed views on QuantumScape, with seven holding and two selling ratings, and an average target price set at $5.90, indicating cautious sentiment among market experts.

QuantumScape Corporation (NYSE:QS - Get Free Report) CTO Timothy Holme sold 23,244 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $9.63, for a total transaction of $223,839.72. Following the completion of the sale, the chief technology officer directly owned 1,422,060 shares in the company, valued at $13,694,437.80. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 8th, Timothy Holme sold 6,362 shares of QuantumScape stock. The shares were sold at an average price of $9.63, for a total value of $61,266.06.
• On Thursday, September 4th, Timothy Holme sold 38,561 shares of QuantumScape stock. The stock was sold at an average price of $7.55, for a total value of $291,135.55.
• On Thursday, September 4th, Timothy Holme sold 176,352 shares of QuantumScape stock. The stock was sold at an average price of $7.55, for a total value of $1,331,457.60.
• On Monday, July 7th, Timothy Holme sold 11,906 shares of QuantumScape stock. The shares were sold at an average price of $7.02, for a total value of $83,580.12.
• On Monday, July 7th, Timothy Holme sold 43,500 shares of QuantumScape stock. The shares were sold at an average price of $7.02, for a total value 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.
• On Thursday, July 3rd, Timothy Holme sold 358,330 shares of QuantumScape stock. The stock was sold at an average price of $7.03, for a total value of $2,519,059.90.

QuantumScape Stock Performance

Shares of QS traded up $1.69 during trading hours on Monday, reaching $9.53. 101,798,905 shares of the company traded hands, compared to its average volume of 15,025,707. The stock's fifty day moving average price is $9.10 and its 200 day moving average price is $5.96. The company has a quick ratio of 16.40, a current ratio of 16.40 and a debt-to-equity ratio of 0.03. QuantumScape Corporation has a 12-month low of $3.40 and a 12-month high of $15.03.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.20). The company had revenue of $36.67 million for the quarter. During the same period last year, the firm earned ($0.25) EPS. As a group, sell-side analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen upgraded QuantumScape to a "hold" rating in a report on Monday, July 7th. Robert W. Baird lifted their target price on QuantumScape from $6.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $5.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QS. Signaturefd LLC lifted its stake in shares of QuantumScape by 2,086.1% during the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company's stock worth $25,000 after purchasing an additional 5,841 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company's stock valued at $25,000 after buying an additional 3,311 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of QuantumScape in the 4th quarter valued at about $26,000. Federated Hermes Inc. boosted its holdings in shares of QuantumScape by 660.0% in the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock valued at $26,000 after buying an additional 5,438 shares in the last quarter. Finally, Hollencrest Capital Management grew its position in shares of QuantumScape by 333.3% in the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock worth $27,000 after buying an additional 5,000 shares during the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

About QuantumScape

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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