Kevin Hettrich Sells 29,667 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 29,667 shares of QuantumScape stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.10, for a total value of $151,301.70. Following the completion of the transaction, the chief financial officer now owns 1,024,325 shares of the company’s stock, valued at approximately $5,224,057.50. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The stock was sold at an average price of $5.05, for a total value of $281,017.35.
• On Wednesday, October 9th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $5.49, for a total value of $189,992.43.
• On Thursday, September 12th, Kevin Hettrich sold 58,000 shares of QuantumScape stock. The shares were sold at an average price of $5.78, for a total transaction of $335,240.00.

QuantumScape Trading Up 4.8 %

Shares of QS traded up $0.24 during midday trading on Monday, hitting $5.24. The stock had a trading volume of 27,600,668 shares, compared to its average volume of 9,104,661. QuantumScape Co. has a fifty-two week low of $4.65 and a fifty-two week high of $10.03. The business has a 50-day simple moving average of $5.27 and a two-hundred day simple moving average of $5.70. 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 firm has a market cap of $2.69 billion, a P/E ratio of -5.75 and a beta of 4.50.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the prior year, the business earned ($0.23) EPS. As a group, equities analysts forecast that QuantumScape Co. will post -0.99 EPS for the current year.

Analyst Ratings Changes

QS has been the topic of a number of research analyst reports. Wolfe Research assumed coverage on QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating on the stock. Hsbc Global Res raised QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Truist Financial reiterated a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, QuantumScape has an average rating of “Hold” and an average price target of $6.26.

Institutional Investors Weigh In On QuantumScape

Institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new position in QuantumScape in the 2nd quarter worth about $1,950,000. American Century Companies Inc. increased its holdings in QuantumScape by 880.6% in the second quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after buying an additional 316,361 shares during the last quarter. Geode Capital Management LLC raised its position in 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 in the last quarter. Weiss Asset Management LP acquired a new position in shares of QuantumScape during the 3rd quarter worth $828,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after purchasing an additional 133,000 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.