QuantumScape Corp Chief Development Officer Mohit Singh Sells 174,000 Shares
Chief Development Officer Mohit Singh executed a sale of 174,000 shares of QuantumScape Corp (NYSE:QS) on January 4, 2024, according to a recent SEC Filing. QuantumScape Corp is a company that specializes in the development of solid-state lithium-metal batteries for electric vehicles. The technology aims to provide higher energy density, faster charging, and longer life than traditional lithium-ion batteries.
Over the past year, the insider has sold a total of 824,000 shares and has not made any purchases. The recent transaction is part of a series of sales by the insider, indicating a consistent pattern of share disposals over the period.
The insider transaction history for QuantumScape Corp shows a trend of insider selling, with 34 insider sells recorded over the past year and no insider buys during the same timeframe. This trend can be visualized in the following insider trend image.
On the date of the insider's recent sale, shares of QuantumScape Corp were trading at $8.58 each. The company's market capitalization stood at $4.259 billion, reflecting the aggregate value of the company's outstanding shares.
For more detailed information on insider transactions and the company's financials, interested parties are encouraged to review the official SEC filings and explore QuantumScape Corp's profile on GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
