Kevin Hettrich Sells 9,800 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $7.28, for a total transaction of $71,344.00. Following the completion of the sale, the chief financial officer directly owned 1,816,257 shares in the company, valued at $13,222,350.96. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, June 22nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $7.94, for a total transaction of $77,812.00.
• On Thursday, May 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $8.06, for a total transaction of $78,988.00.

QuantumScape Stock Down 6.2%

QS traded down $0.45 during midday trading on Tuesday, reaching $6.79. The company’s stock had a trading volume of 31,375,788 shares, compared to its average volume of 18,743,135. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of -8.38 and a beta of 2.61. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a 1 year low of $5.90 and a 1 year high of $19.07. The stock’s 50-day moving average is $7.77 and its 200-day moving average is $8.16.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same quarter in the previous year, the business earned ($0.21) EPS. As a group, research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QS. AQR Capital Management LLC purchased a new stake in shares of QuantumScape in the first quarter worth $321,000. NewEdge Advisors LLC increased its holdings in shares of QuantumScape by 50.4% during the first quarter. NewEdge Advisors LLC now owns 21,224 shares of the company’s stock valued at $88,000 after acquiring an additional 7,111 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of QuantumScape by 456.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after purchasing an additional 3,904,168 shares during the last quarter. Prudential Financial Inc. boosted its stake in QuantumScape by 41.4% in the 2nd quarter. Prudential Financial Inc. now owns 31,439 shares of the company’s stock worth $211,000 after purchasing an additional 9,210 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in QuantumScape by 685.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after purchasing an additional 3,311 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

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.