Jeffrey Straubel Sells 27,106 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) Director Jeffrey Straubel sold 27,106 shares of QuantumScape stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $6.17, for a total transaction of $167,244.02. Following the transaction, the director directly owned 158,404 shares in the company, valued at approximately $977,352.68. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuantumScape Price Performance

QS opened at $6.36 on Friday. QuantumScape Corporation has a 52-week low of $3.40 and a 52-week high of $19.07. The company has a 50 day moving average of $7.44 and a two-hundred day moving average of $11.08. The company has a market cap of $3.90 billion, a P/E ratio of -7.85 and a beta of 2.54. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). During the same quarter last year, the firm earned ($0.22) EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Hedge Funds Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tsfg LLC increased its position in shares of QuantumScape by 233.3% during the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,400 shares during the last quarter. REAP Financial Group LLC boosted its holdings in QuantumScape by 300.0% in the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in QuantumScape by 538.7% in the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after purchasing an additional 1,950 shares during the last quarter. VSM Wealth Advisory LLC grew its stake in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after purchasing an additional 750 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in QuantumScape during the 4th quarter valued at approximately $25,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on QS. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a research report on Wednesday, February 18th. Morgan Stanley dropped their target price on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Robert W. Baird set a $12.00 price target on QuantumScape in a report on Thursday, February 12th. Finally, HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and lowered their price objective for the company from $10.50 to $8.30 in a research report on Wednesday, February 18th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $8.98.

About QuantumScape

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.