QuantumScape (NYSE:QS) CFO Sells $77,812.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $7.94, for a total transaction of $77,812.00. Following the completion of the sale, the chief financial officer directly owned 1,826,057 shares of the company’s stock, valued at $14,498,892.58. This represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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.
• On Thursday, April 2nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $6.20, for a total transaction of $60,760.00.

QuantumScape Trading Down 4.0%

Shares of QuantumScape stock traded down $0.30 during mid-day trading on Wednesday, hitting $7.12. The stock had a trading volume of 28,983,043 shares, compared to its average volume of 18,566,785. The firm has a 50-day moving average of $7.72 and a two-hundred day moving average of $8.47. The firm has a market cap of $4.38 billion, a P/E ratio of -8.79 and a beta of 2.60. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a 12-month low of $5.31 and a 12-month high of $19.07.

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

Institutional Trading of QuantumScape

A number of hedge funds and other institutional investors have recently modified their holdings of QS. Morgan Stanley lifted its position in QuantumScape by 333.5% in the fourth quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock valued at $115,938,000 after buying an additional 8,559,554 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of QuantumScape in the 4th quarter valued at approximately $84,584,000. Vanguard Group Inc. raised its stake in shares of QuantumScape by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock valued at $426,793,000 after acquiring an additional 4,323,829 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 acquiring an additional 3,904,168 shares during the last quarter. Finally, Man Group plc acquired a new position in shares of QuantumScape in the 3rd quarter worth approximately $44,421,000. 29.87% of the stock is owned by institutional investors and hedge funds.

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.