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QuantumScape Insiders Capitalize on Earnings Beat with $28M Stock Sale

QuantumScape Insiders Capitalize on Earnings Beat with $28M Stock Sale

Author:

Global Cryptocurrency

Published:

2025-10-29 14:08:02

18

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BTCCSquare news:

QuantumScape insiders seized the opportunity to offload shares following a stronger-than-expected Q3 earnings report. Director Fritz Prinz led the sell-off, divesting $15.48 million in stock, while other executives including CEO Srinivasan Sivaram and Chief Development Officer Mohit Singh collectively sold millions more. The transactions, disclosed in SEC filings, underscore a wave of profit-taking after the company's solid-state battery technology for EVs showed progress.

The company reported a narrower loss per share of $0.18, beating estimates, alongside higher customer billings. Despite the positive earnings, the insider sales—totaling over $34 million in the past three months—paint a cautious picture, reflected in TipRanks' 'Very Negative' confidence signal for QS stock.

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