QuantumScape Co. (NYSE:QS) CFO Sells $257,207.28 in Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 45,848 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $5.61, for a total value of $257,207.28. Following the completion of the transaction, the chief financial officer now directly owns 1,145,821 shares of the company’s stock, valued at approximately $6,428,055.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, April 8th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98.
• On Monday, March 11th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $6.11, for a total transaction of $211,448.77.
• On Tuesday, February 20th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $6.54, for a total value of $226,329.78.

QuantumScape Stock Up 1.6 %

QS stock opened at $5.78 on Thursday. The business’s 50-day moving average price is $5.74 and its 200-day moving average price is $6.40. The stock has a market cap of $2.89 billion, a P/E ratio of -6.02 and a beta of 4.74. The company has a quick ratio of 10.38, a current ratio of 10.38 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a twelve month low of $4.92 and a twelve month high of $13.86.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). On average, equities research analysts forecast that QuantumScape Co. will post -0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial reduced their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. UBS Group dropped their price objective on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Finally, Robert W. Baird boosted their target price on shares of QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.09.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in QuantumScape by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 927,473 shares of the company’s stock valued at $6,205,000 after acquiring an additional 44,616 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in QuantumScape by 26.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,595 shares of the company’s stock worth $372,000 after purchasing an additional 11,648 shares during the period. Teacher Retirement System of Texas boosted its stake in QuantumScape by 19.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 24,411 shares of the company’s stock worth $163,000 after purchasing an additional 3,974 shares during the period. M&T Bank Corp grew its holdings in QuantumScape by 15.0% during the 3rd quarter. M&T Bank Corp now owns 23,037 shares of the company’s stock valued at $154,000 after buying an additional 3,009 shares in the last quarter. Finally, Duality Advisers LP bought a new stake in shares of QuantumScape during the third quarter valued at approximately $1,063,000. Institutional investors own 29.87% of the company’s stock.

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.