MCCARTHY MICHAEL O III, the Chief Legal Officer of QuantumScape Corp (QS, Financial), executed a significant transaction on September 13, 2024, where the insider sold 206,122 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now directly owns 1,181,884 shares in the company.
QuantumScape Corp (QS, Financial) specializes in the development of solid-state lithium-metal batteries for electric vehicles. This technology aims to provide higher energy density and faster charging times compared to traditional lithium-ion technology.
Over the past year, the insider has sold a total of 1,095,782 shares and has not made any purchases. This recent sale is part of a broader trend observed within QuantumScape Corp, where there have been 35 insider sells and no insider buys over the last year.
On the date of the latest transaction, shares of QuantumScape Corp were trading at $5.85, valuing the company with a market cap of approximately $2.976 billion. This valuation reflects the market's current assessment of the company amidst its ongoing developments and market conditions.
Investors and stakeholders often monitor insider transactions as they provide insights into how the executives and directors of the company perceive the financial health and future prospects of their organizations. The consistent selling by insiders at QuantumScape Corp could be a point of analysis for market watchers and investors.
For more detailed valuation metrics such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, interested parties are encouraged to visit the respective links.
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