Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells 36,949 Shares of Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 36,949 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $5.06, for a total transaction of $186,961.94. Following the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. The trade was a 3.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The stock was sold at an average price of $5.10, for a total value of $151,301.70.
• On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The shares were sold at an average price of $5.05, for a total value of $281,017.35.

QuantumScape Price Performance

QuantumScape stock traded down $0.04 during midday trading on Wednesday, reaching $5.09. The company’s stock had a trading volume of 9,440,651 shares, compared to its average volume of 16,864,428. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.61 billion, a PE ratio of -5.36 and a beta of 4.46. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $9.52. The business has a 50-day moving average price of $5.29 and a 200-day moving average price of $5.67.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial restated a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, QuantumScape currently has an average rating of “Hold” and an average price target of $6.26.

Institutional Investors Weigh In On QuantumScape

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in QuantumScape by 1.5% in the 3rd quarter. State Street Corp now owns 5,918,496 shares of the company’s stock valued at $34,031,000 after buying an additional 87,563 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after acquiring an additional 218,743 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of QuantumScape by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company’s stock worth $12,806,000 after purchasing an additional 93,826 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of QuantumScape by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company’s stock worth $6,785,000 after purchasing an additional 94,103 shares during the last quarter. Finally, Arthedge Capital Management LLC increased its holdings in QuantumScape by 14.6% in the third quarter. Arthedge Capital Management LLC now owns 723,000 shares of the company’s stock valued at $4,157,000 after purchasing an additional 92,000 shares during the period. 29.87% of the stock is owned by institutional investors.

About QuantumScape

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.