QuantumScape (NYSE:QS) CFO Sells $103,782.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.59, for a total transaction of $103,782.00. Following the transaction, the chief financial officer directly owned 1,485,138 shares in the company, valued at $15,727,611.42. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 15th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $11.07, for a total value of $108,486.00.
• On Friday, November 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $11.29, for a total value of $110,642.00.

QuantumScape Stock Performance

QuantumScape stock traded up $0.17 during trading hours on Friday, reaching $10.55. 13,943,276 shares of the company were exchanged, compared to its average volume of 12,879,616. QuantumScape Corporation has a 12 month low of $3.40 and a 12 month high of $19.07. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of -13.02 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. The stock has a 50-day moving average of $11.96 and a 200 day moving average of $11.60.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.18). During the same quarter last year, the firm earned ($0.23) earnings per share. As a group, research analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QS has been the topic of a number of research analyst reports. Morgan Stanley started coverage on QuantumScape in a report on Monday, December 8th. They issued an “equal weight” rating and a $12.00 target price on the stock. TD Cowen raised their price objective on shares of QuantumScape from $5.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on shares of QuantumScape and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Cowen reissued a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $9.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in QuantumScape by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,635,232 shares of the company’s stock valued at $451,346,000 after purchasing an additional 422,378 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of QuantumScape by 12.5% in the second quarter. Geode Capital Management LLC now owns 6,914,680 shares of the company’s stock valued at $46,475,000 after buying an additional 768,070 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of QuantumScape by 456.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock valued at $19,799,000 after buying an additional 3,904,168 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of QuantumScape by 150.1% in the third quarter. Two Sigma Investments LP now owns 3,630,275 shares of the company’s stock valued at $44,725,000 after buying an additional 2,178,918 shares during the last quarter. Finally, Man Group plc bought a new position in shares of QuantumScape in the third quarter valued at about $44,421,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Company Profile

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.