Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells 29,667 Shares of Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 29,667 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.10, for a total value of $151,301.70. Following the completion of the sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at $5,224,057.50. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35.
• On Wednesday, October 9th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $5.49, for a total transaction 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 transaction of $335,240.00.

QuantumScape Trading Up 4.8 %

Shares of QS stock traded up $0.24 on Monday, reaching $5.24. The company had a trading volume of 27,600,668 shares, compared to its average volume of 9,104,661. The stock has a market cap of $2.69 billion, a PE ratio of -5.75 and a beta of 4.50. The company has a 50-day moving average of $5.27 and a 200-day moving average of $5.70. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 12 month low of $4.65 and a 12 month high of $10.03.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the business posted ($0.23) EPS. On average, equities analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current year.

Hedge Funds Weigh In On QuantumScape

Several institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its position in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after purchasing an additional 4,228 shares in the last quarter. CWM LLC lifted its position in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after purchasing an additional 2,556 shares in the last quarter. Alaska Wealth Advisors acquired a new position in QuantumScape during the second quarter worth $49,000. Finally, Atom Investors LP bought a new position in QuantumScape in the third quarter valued at $60,000. Institutional investors own 29.87% of the company’s stock.

Analyst Ratings Changes

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

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.