Timothy Holme Sells 176,352 Shares of QuantumScape (NYSE:QS) Stock

Key Points

• Timothy Holme, the CTO of QuantumScape, sold 176,352 shares of the company's stock for approximately $1.33 million, representing a 10.87% decrease in his holdings.
• Following the recent trades, Holme now owns 1,445,304 shares in QuantumScape, with a total value of about $10.91 million.
• QuantumScape's stock recently traded at $9.53, showing significant volatility with a 1-year range between $3.40 and $15.03.

QuantumScape Corporation (NYSE:QS - Get Free Report) CTO Timothy Holme sold 176,352 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $7.55, for a total value of $1,331,457.60. Following the completion of the transaction, the chief technology officer owned 1,445,304 shares in the company, valued at $10,912,045.20. This trade represents a 10.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 8th, Timothy Holme sold 6,362 shares of QuantumScape stock. The stock was sold at an average price of $9.63, for a total value of $61,266.06.
• On Monday, September 8th, Timothy Holme sold 23,244 shares of QuantumScape stock. The shares were sold at an average price of $9.63, for a total value of $223,839.72.
• On Thursday, September 4th, Timothy Holme sold 38,561 shares of QuantumScape stock. The shares were sold at an average price of $7.55, for a total value of $291,135.55.
• 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 shares were sold at an average price of $7.03, for a total transaction 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 transaction of $2,519,059.90.

QuantumScape Price Performance

QuantumScape stock traded up $1.69 during midday trading on Monday, reaching $9.53. The stock had a trading volume of 101,798,905 shares, compared to its average volume of 15,025,707. The firm's fifty day simple moving average is $9.10 and its 200-day simple moving average 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 1-year low of $3.40 and a 1-year high of $15.03.

QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.20). The firm had revenue of $36.67 million during the quarter. During the same quarter last year, the firm posted ($0.25) earnings per share. Research analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On QuantumScape

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of QuantumScape by 456.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company's stock valued at $19,799,000 after buying an additional 3,904,168 shares during the period. Vanguard Group Inc. lifted its stake in shares of QuantumScape by 9.0% in the first quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company's stock worth $147,064,000 after buying an additional 2,911,362 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of QuantumScape by 2,036.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,452,835 shares of the company's stock worth $16,483,000 after purchasing an additional 2,338,038 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of QuantumScape by 1,005.2% in the second quarter. JPMorgan Chase & Co. now owns 1,982,578 shares of the company's stock worth $13,323,000 after acquiring an additional 1,803,196 shares during the period. Finally, Bank of America Corp DE raised its stake in QuantumScape by 148.0% during the 2nd quarter. Bank of America Corp DE now owns 2,803,989 shares of the company's stock valued at $18,843,000 after buying an additional 1,673,472 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on QS. TD Cowen raised QuantumScape to a "hold" rating in a report on Monday, July 7th. Robert W. Baird boosted their price objective on QuantumScape from $6.00 to $11.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $5.90.

QuantumScape Company Profile

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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