QuantumScape Corp (NYSE:QS), a leader in developing solid-state lithium-metal batteries for electric vehicles, reported an insider sale, according to a recent SEC filing. The company’s Chief Legal Officer, MCCARTHY MICHAEL O III, sold 50,575 shares on August 21, 2024. Following this transaction, the insider now owns 1,184,745 shares of QuantumScape Corp.
QuantumScape Corp specializes in the innovation of solid-state batteries, a critical technology for the future of electric vehicles. The company’s efforts aim to improve the range and safety of electric vehicles, positioning it as a key player in the automotive industry’s transition to electric mobility.
The transaction was made with shares at a price of $5.99, representing a sales value of approximately $303,044.25. This sale significantly changed the insider’s ownership of the company, but MCCARTHY MICHAEL O III still retains a significant number of shares.
Over the past year, MCCARTHY MICHAEL O III has actively managed his holdings in the company, selling a total of 889,660 shares and making no purchases. This latest transaction is part of a broader trend seen at QuantumScape Corp, where insider activity has predominantly taken the form of sales. Over the past year, there were 34 insider sales and no insider purchases.
The company’s market capitalization is $3.09 billion at last trading price, reflecting the size and potential investor interest in this innovative technology company.
Investors can find more detailed valuation metrics such as the GF value, the price-earnings ratio, the price-sales ratio, the price-book value ratio and the price-free cash flow ratio under the corresponding links.
This insider sale may be of interest to current and prospective investors as it provides insight into the perspectives and actions of key executives at QuantumScape Corp.
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