Kevin Hettrich Sells 55,647 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 55,647 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35. Following the sale, the chief financial officer now directly owns 1,022,743 shares in the company, valued at $5,164,852.15. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, October 9th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was 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 value of $335,240.00.

QuantumScape Price Performance

QS opened at $5.16 on Friday. The company has a fifty day moving average price of $5.41 and a two-hundred day moving average price of $5.74. The firm has a market capitalization of $2.64 billion, a PE ratio of -5.43 and a beta of 4.60. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $10.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period last year, the business earned ($0.23) earnings per share. As a group, analysts anticipate that QuantumScape Co. will post -0.97 earnings per share for the current year.

Institutional Trading of QuantumScape

A number of hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock worth $776,000 after buying an additional 133,000 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of QuantumScape in the second quarter worth about $1,950,000. Sanctuary Advisors LLC acquired a new stake in shares of QuantumScape during the second quarter worth about $680,000. Susquehanna Fundamental Investments LLC bought a new position in shares of QuantumScape during the 2nd quarter valued at about $644,000. Finally, American Century Companies Inc. grew its position in shares of QuantumScape by 880.6% in the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock valued at $1,733,000 after purchasing an additional 316,361 shares during the period. 29.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.