QuantumScape Co. (NYSE:QS) CFO Sells $282,289.25 in Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $282,289.25. Following the completion of the transaction, the chief financial officer now directly owns 930,800 shares of the company’s stock, valued at $4,868,084. This represents a 5.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 27th, Kevin Hettrich sold 36,949 shares of QuantumScape stock. The stock was sold at an average price of $5.06, for a total value of $186,961.94.
• 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.

QuantumScape Stock Down 2.9 %

QuantumScape stock opened at $5.18 on Monday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -5.51 and a beta of 4.45. The stock has a fifty day simple moving average of $5.29 and a two-hundred day simple moving average of $5.40. QuantumScape Co. has a 12 month low of $4.65 and a 12 month high of $9.52. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Equities analysts predict that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on QS shares. Truist Financial reduced their price objective on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Evercore ISI reduced their price objective on QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.06.

Hedge Funds Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently modified their holdings of QS. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape in the 4th quarter worth $26,000. Signaturefd LLC boosted its stake in shares of QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after buying an additional 4,228 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of QuantumScape in the 4th quarter worth $29,000. Finally, Blue Trust Inc. boosted its stake in shares of QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after buying an additional 4,556 shares during the last quarter. 29.87% of the stock is currently owned by hedge funds and other 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.