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

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $13.94, for a total value of $136,612.00. Following the completion of the transaction, the chief financial officer owned 1,591,467 shares in the company, valued at approximately $22,185,049.98. The trade was a 0.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, September 12th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $9.20, for a total value of $90,160.00.

QuantumScape Trading Up 11.3%

Shares of QS opened at $15.91 on Friday. QuantumScape Corporation has a 52-week low of $3.40 and a 52-week high of $16.49. The business’s fifty day moving average is $9.81 and its 200-day moving average is $6.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.40 and a current ratio of 16.40. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of -18.50 and a beta of 4.85.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $36.67 million during the quarter. During the same quarter last year, the firm posted ($0.25) EPS. Equities analysts anticipate that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on QS. Robert W. Baird boosted their price objective on QuantumScape from $6.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. TD Cowen upgraded QuantumScape to a “hold” rating in a research report on Monday, July 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a research report on Saturday, September 27th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $5.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QS. Signaturefd LLC lifted its holdings in QuantumScape by 2,086.1% during the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company’s stock worth $25,000 after buying an additional 5,841 shares during the period. Russell Investments Group Ltd. lifted its holdings in QuantumScape by 685.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after buying an additional 3,311 shares during the period. Federated Hermes Inc. lifted its holdings in QuantumScape by 660.0% during the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company’s stock worth $26,000 after buying an additional 5,438 shares during the period. Hollencrest Capital Management lifted its holdings in QuantumScape by 333.3% during the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company’s stock worth $27,000 after buying an additional 5,000 shares during the period. Finally, North Capital Inc. acquired a new position in QuantumScape during the 2nd quarter worth about $27,000. 29.87% of the stock is owned by institutional investors and hedge funds.

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.