Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells $16,533.00 in Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 3,300 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $5.01, for a total transaction of $16,533.00. Following the transaction, the chief financial officer now owns 1,148,521 shares in the company, valued at approximately $5,754,090.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, May 20th, Kevin Hettrich sold 45,848 shares of QuantumScape stock. The shares were sold at an average price of $5.61, for a total transaction of $257,207.28.
• On Monday, April 8th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98.

QuantumScape Stock Down 2.2 %

Shares of QS stock opened at $4.92 on Friday. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -5.13 and a beta of 4.69. QuantumScape Co. has a one year low of $4.67 and a one year high of $13.86. The company’s fifty day moving average price is $5.49 and its 200-day moving average price is $6.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Sell-side analysts expect that QuantumScape Co. will post -0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

QS has been the topic of a number of research analyst reports. UBS Group lowered their price objective 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. Truist Financial lowered their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Two equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.67.

Institutional Trading of QuantumScape

Several institutional investors and hedge funds have recently modified their holdings of QS. Spire Wealth Management raised its position in shares of QuantumScape by 39.0% during the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. International Assets Investment Management LLC grew its stake in QuantumScape by 595.1% during the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after acquiring an additional 5,296 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in QuantumScape by 57.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,096 shares of the company’s stock valued at $56,000 after acquiring an additional 2,954 shares in the last quarter. StepStone Group LP purchased a new position in QuantumScape during the fourth quarter valued at $56,000. Finally, Evergreen Wealth Solutions LLC purchased a new position in QuantumScape during the first quarter valued at $64,000. 29.87% of the stock is currently owned by institutional investors.

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.