QuantumScape Corporation (NYSE:QS - Get Free Report) CTO Timothy Holme sold 12,723 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $6.01, for a total transaction of $76,465.23. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Timothy Holme also recently made the following trade(s):
- On Wednesday, August 19th, Timothy Holme sold 21,531 shares of QuantumScape stock. The stock was sold at an average price of $5.76, for a total transaction of $124,018.56.
- On Wednesday, August 19th, Timothy Holme sold 20,345 shares of QuantumScape stock. The stock was sold at an average price of $5.76, for a total transaction of $117,187.20.
- On Thursday, July 2nd, Timothy Holme sold 34,254 shares of QuantumScape stock. The shares were sold at an average price of $7.28, for a total transaction of $249,369.12.
- On Thursday, July 2nd, Timothy Holme sold 102,991 shares of QuantumScape stock. The stock was sold at an average price of $7.28, for a total transaction of $749,774.48.
- On Tuesday, June 2nd, Timothy Holme sold 40,615 shares of QuantumScape stock. The stock was sold at an average price of $9.30, for a total transaction of $377,719.50.
- On Tuesday, June 2nd, Timothy Holme sold 150,320 shares of QuantumScape stock. The shares were sold at an average price of $9.30, for a total transaction of $1,397,976.00.
QuantumScape Stock Performance
Shares of QS opened at $5.82 on Wednesday. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The firm's fifty day simple moving average is $6.31 and its two-hundred day simple moving average is $6.99. QuantumScape Corporation has a 12 month low of $4.77 and a 12 month high of $19.07. The stock has a market capitalization of $3.60 billion, a P/E ratio of -7.19 and a beta of 2.66.
QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) earnings per share. As a group, analysts predict that QuantumScape Corporation will post -0.82 EPS for the current year.
Analysts Set New Price Targets
Separately, TD Cowen lowered their target price on QuantumScape from $8.00 to $6.00 and set a "hold" rating for the company in a report on Friday, July 24th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $9.47.
View Our Latest Analysis on QuantumScape
Institutional Investors Weigh In On QuantumScape
A number of large investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of QuantumScape during the fourth quarter valued at about $25,000. Russell Investments Group Ltd. grew its stake in shares of QuantumScape by 685.5% in the 2nd 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 period. TD Waterhouse Canada Inc. increased its position in QuantumScape by 101.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,361 shares of the company's stock valued at $41,000 after buying an additional 2,700 shares in the last quarter. Danske Bank A S bought a new stake in QuantumScape in the 4th quarter valued at about $48,000. Finally, Vestor Capital LLC raised its stake in QuantumScape by 255.2% during the 1st quarter. Vestor Capital LLC now owns 8,000 shares of the company's stock worth $51,000 after buying an additional 5,748 shares during the period. 29.87% of the stock is currently owned by institutional investors and hedge funds.
QuantumScape Company Profile
(
Get Free Report)
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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