QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich Sells 55,647 Shares

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 55,647 shares of QuantumScape stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $5.05, for a total transaction of $281,017.35. Following the transaction, the chief financial officer now directly owns 1,022,743 shares of the company’s stock, valued at $5,164,852.15. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, October 9th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43.
• On Thursday, September 12th, Kevin Hettrich sold 58,000 shares of QuantumScape stock. The stock was sold at an average price of $5.78, for a total value of $335,240.00.

QuantumScape Trading Up 2.4 %

Shares of NYSE QS opened at $5.16 on Friday. QuantumScape Co. has a fifty-two week low of $4.65 and a fifty-two week high of $10.03. The firm has a market capitalization of $2.64 billion, a P/E ratio of -5.43 and a beta of 4.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company’s 50 day simple moving average is $5.41 and its 200 day simple moving average is $5.74.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter in the prior year, the business earned ($0.23) earnings per share. On average, analysts predict that QuantumScape Co. will post -0.97 EPS for the current year.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC raised its stake in QuantumScape by 2.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company’s stock worth $392,000 after buying an additional 2,059 shares during the period. Signaturefd LLC raised its position in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the period. CWM LLC lifted its holdings in shares of QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of QuantumScape by 32.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock valued at $78,000 after purchasing an additional 3,310 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in QuantumScape by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock valued at $413,000 after buying an additional 3,527 shares in the last quarter. Institutional investors own 29.87% of the company’s stock.

Analyst Ratings Changes

QS has been the subject of several research analyst reports. Wolfe Research began coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research note on Tuesday. Truist Financial reissued a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, Hsbc Global Res raised QuantumScape to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.26.

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.