Kevin Hettrich Sells 45,848 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 45,848 shares of QuantumScape stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $5.61, for a total transaction of $257,207.28. Following the completion of the transaction, the chief financial officer now directly owns 1,145,821 shares in the company, valued at approximately $6,428,055.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, April 8th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98.
• On Monday, March 11th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $6.11, for a total value of $211,448.77.
• On Tuesday, February 20th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $6.54, for a total value of $226,329.78.

QuantumScape Trading Up 0.5 %

NYSE:QS opened at $5.69 on Wednesday. The stock has a market cap of $2.84 billion, a PE ratio of -5.93 and a beta of 4.74. QuantumScape Co. has a fifty-two week low of $4.92 and a fifty-two week high of $13.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38. The stock’s 50-day moving average is $5.74 and its two-hundred day moving average is $6.40.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). As a group, equities research analysts forecast that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds have recently modified their holdings of QS. Tidal Investments LLC boosted its position in QuantumScape by 202.0% during the first quarter. Tidal Investments LLC now owns 137,755 shares of the company’s stock valued at $866,000 after purchasing an additional 92,142 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of QuantumScape by 2.3% in the 1st quarter. California State Teachers Retirement System now owns 344,306 shares of the company’s stock valued at $2,166,000 after buying an additional 7,585 shares in the last quarter. Janus Henderson Group PLC increased its holdings in QuantumScape by 1.4% in the first quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company’s stock worth $11,482,000 after buying an additional 25,347 shares during the last quarter. Evergreen Wealth Solutions LLC bought a new position in QuantumScape during the first quarter valued at approximately $64,000. Finally, Manhattan West Asset Management LLC grew its position in QuantumScape by 142.7% in the first quarter. Manhattan West Asset Management LLC now owns 68,031 shares of the company’s stock worth $428,000 after acquiring an additional 40,005 shares in the last quarter. 29.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QS has been the subject of several analyst reports. Truist Financial reduced their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Robert W. Baird upped their price objective on shares of QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, UBS Group dropped their target price on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, QuantumScape has an average rating of “Hold” and a consensus price target of $6.09.

QuantumScape Company Profile

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