QuantumScape (NYSE:QS) CFO Kevin Hettrich Sells 9,800 Shares of Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $7.94, for a total value of $77,812.00. Following the transaction, the chief financial officer owned 1,826,057 shares of the company’s stock, valued at approximately $14,498,892.58. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, May 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $8.06, for a total value of $78,988.00.
• On Thursday, April 2nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $6.20, for a total value of $60,760.00.

QuantumScape Trading Down 4.0%

QS traded down $0.30 during mid-day trading on Wednesday, hitting $7.12. 28,983,043 shares of the stock were exchanged, compared to its average volume of 18,566,785. The firm’s fifty day moving average is $7.72 and its two-hundred day moving average is $8.47. QuantumScape Corporation has a 1-year low of $5.31 and a 1-year high of $19.07. The company has a market cap of $4.38 billion, a PE ratio of -8.79 and a beta of 2.60. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period last year, the company earned ($0.21) earnings per share. Equities analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuantumScape

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after buying an additional 4,323,829 shares in the last quarter. Morgan Stanley raised its stake in shares of QuantumScape by 333.5% in the fourth quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock valued at $115,938,000 after acquiring an additional 8,559,554 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of QuantumScape by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company’s stock valued at $86,794,000 after acquiring an additional 1,189,748 shares in the last quarter. Renaissance Technologies LLC purchased a new position in QuantumScape in the fourth quarter valued at $84,584,000. Finally, State Street Corp grew its stake in QuantumScape by 7.6% during the 4th quarter. State Street Corp now owns 7,500,503 shares of the company’s stock worth $78,155,000 after purchasing an additional 529,602 shares in the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.