QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich Sells 45,981 Shares

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 45,981 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $6.08, for a total value of $279,564.48. Following the completion of the sale, the chief financial officer now directly owns 573,436 shares of the company’s stock, valued at approximately $3,486,490.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Kevin Hettrich also recently made the following trade(s):

• On Wednesday, October 4th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $6.34, for a total value of $219,408.38.
• On Tuesday, September 12th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $7.06, for a total value of $244,325.42.

QuantumScape Stock Performance

QS stock traded down $0.03 during trading on Monday, hitting $6.03. 4,856,764 shares of the company traded hands, compared to its average volume of 6,491,462. The stock’s 50-day simple moving average is $6.15 and its 200 day simple moving average is $7.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 24.57 and a quick ratio of 24.57. The company has a market cap of $2.95 billion, a PE ratio of -6.15 and a beta of 5.23. QuantumScape Co. has a 1 year low of $4.99 and a 1 year high of $13.86.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 25th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). On average, equities analysts expect that QuantumScape Co. will post -0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QS. Evercore ISI began coverage on QuantumScape in a research note on Monday, September 18th. They issued an “outperform” rating and a $10.00 price objective for the company. The Goldman Sachs Group reduced their price objective on QuantumScape from $6.00 to $5.00 and set a “sell” rating for the company in a research note on Tuesday, October 3rd. Finally, Truist Financial restated a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a research note on Monday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, QuantumScape presently has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Trading of QuantumScape

Institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its stake in shares of QuantumScape by 1.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 89,705 shares of the company’s stock worth $717,000 after acquiring an additional 1,005 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of QuantumScape by 5.6% in the second quarter. Principal Financial Group Inc. now owns 25,378 shares of the company’s stock worth $218,000 after acquiring an additional 1,346 shares during the last quarter. CWM LLC boosted its stake in shares of QuantumScape by 25.1% in the first quarter. CWM LLC now owns 7,311 shares of the company’s stock worth $60,000 after acquiring an additional 1,468 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of QuantumScape by 10.3% in the first quarter. Ameriprise Financial Inc. now owns 16,789 shares of the company’s stock worth $137,000 after acquiring an additional 1,573 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of QuantumScape by 49.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,142 shares of the company’s stock worth $34,000 after acquiring an additional 1,704 shares during the last quarter. 27.22% of the stock is owned by institutional investors and hedge funds.

QuantumScape Company Profile

QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. QuantumScape Corporation was founded in 2010 and is headquartered in San Jose, California.