On November 21, 2024, MCCARTHY MICHAEL O III, the Chief Legal Officer of QuantumScape Corp (QS, Financial), executed a sale of 27,305 shares of the company. Following this transaction, the insider now holds 1,129,167 shares of QuantumScape Corp.
QuantumScape Corp is a company focused on the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. The company aims to revolutionize energy storage with its innovative technology, which promises to deliver higher energy density and improved safety compared to traditional lithium-ion batteries.
The insider's recent transaction is part of a broader trend observed over the past year. MCCARTHY MICHAEL O III has sold a total of 1,079,611 shares and has not made any purchases during this period. This activity is consistent with the overall insider transaction history for QuantumScape Corp, which shows 38 insider sells and no insider buys over the past year.
On the day of the recent sale, shares of QuantumScape Corp were trading at $5.07 each, resulting in a market cap of $2.644 billion. Investors and analysts often look at various valuation metrics to assess a company's financial health and growth potential. These metrics include the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.
For more details on the transaction, refer to the SEC Filing.
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