Timothy Holme Sells 44,306 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CTO Timothy Holme sold 44,306 shares of QuantumScape stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total transaction of $270,709.66. Following the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at $7,139,510.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

QuantumScape Stock Up 4.8 %

QuantumScape stock opened at $6.10 on Friday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -6.35 and a beta of 4.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 10.38. QuantumScape Co. has a fifty-two week low of $4.67 and a fifty-two week high of $10.03. The firm has a fifty day moving average price of $6.11 and a two-hundred day moving average price of $6.01.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). During the same period in the previous year, the business earned ($0.26) EPS. As a group, analysts forecast that QuantumScape Co. will post -0.9 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Truist Financial reiterated a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of QuantumScape by 240.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,256,034 shares of the company’s stock valued at $26,770,000 after buying an additional 3,004,964 shares during the last quarter. Norges Bank acquired a new position in shares of QuantumScape during the fourth quarter valued at about $18,482,000. Vanguard Group Inc. raised its position in shares of QuantumScape by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock valued at $207,306,000 after buying an additional 796,723 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of QuantumScape during the second quarter valued at about $1,950,000. Finally, American Century Companies Inc. raised its position in shares of QuantumScape by 880.6% during the second quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock valued at $1,733,000 after buying an additional 316,361 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.