QuantumScape Co. (NYSE:QS) CFO Sells $282,289.25 in Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 53,975 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.23, for a total transaction of $282,289.25. Following the completion of the sale, the chief financial officer now owns 930,800 shares in the company, valued at approximately $4,868,084. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, January 27th, Kevin Hettrich sold 36,949 shares of QuantumScape stock. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94.
• On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The shares were sold at an average price of $5.10, for a total transaction of $151,301.70.

QuantumScape Trading Down 2.9 %

Shares of NYSE QS traded down $0.16 during midday trading on Friday, reaching $5.18. The stock had a trading volume of 15,076,086 shares, compared to its average volume of 15,879,275. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -5.51 and a beta of 4.45. QuantumScape Co. has a twelve month low of $4.65 and a twelve month high of $9.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company’s 50 day moving average price is $5.29 and its 200 day moving average price is $5.40.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). As a group, sell-side analysts expect that QuantumScape Co. will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of QuantumScape in the 4th quarter worth approximately $26,000. International Assets Investment Management LLC lifted its position in shares of QuantumScape by 475.1% in the 3rd 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 during the period. Raiffeisen Bank International AG acquired a new position in shares of QuantumScape in the 4th quarter worth approximately $29,000. Finally, Blue Trust Inc. lifted its position in shares of QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after acquiring an additional 4,556 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial dropped their price objective on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th. Evercore ISI dropped their price objective on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday. 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 report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and an average price target of $6.06.

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.