QuantumScape (NYSE:QS) CFO Sells $60,760.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $6.20, for a total transaction of $60,760.00. Following the transaction, the chief financial officer owned 1,357,918 shares of the company’s stock, valued at approximately $8,419,091.60. This represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, February 23rd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $6.76, for a total value of $66,248.00.
• On Wednesday, January 14th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $10.59, for a total value of $103,782.00.

QuantumScape Price Performance

Shares of QuantumScape stock remained flat at $6.36 during midday trading on Friday. The company had a trading volume of 9,584,429 shares, compared to its average volume of 13,464,662. The firm has a 50 day simple moving average of $7.52 and a 200 day simple moving average of $11.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -7.85 and a beta of 2.54. QuantumScape Corporation has a 1-year low of $3.40 and a 1-year high of $19.07.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). During the same quarter in the previous year, the company posted ($0.22) earnings per share. QuantumScape’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QS. Tsfg LLC grew its holdings in QuantumScape by 233.3% during the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,400 shares during the last quarter. REAP Financial Group LLC raised its stake in shares of QuantumScape by 300.0% in the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of QuantumScape by 538.7% in the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock worth $28,000 after acquiring an additional 1,950 shares during the last quarter. VSM Wealth Advisory LLC lifted its position in shares of QuantumScape by 46.8% during the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of QuantumScape during the fourth quarter worth approximately $25,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on QS shares. Morgan Stanley dropped their target price on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and dropped their price objective for the stock from $10.50 to $8.30 in a report on Wednesday, February 18th. Robert W. Baird set a $12.00 target price on QuantumScape in a report on Thursday, February 12th. Finally, TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $8.98.

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.