Kevin Hettrich Sells 36,949 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 36,949 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the sale, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 value of $151,301.70.
• On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The shares were sold at an average price of $5.05, for a total value of $281,017.35.

QuantumScape Stock Up 2.1 %

Shares of NYSE:QS opened at $5.21 on Friday. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $9.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock has a market cap of $2.67 billion, a P/E ratio of -5.48 and a beta of 4.46. The firm has a fifty day moving average price of $5.29 and a 200 day moving average price of $5.66.

Analyst Ratings Changes

Several brokerages have recently weighed in on QS. 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. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, Truist Financial reaffirmed a “hold” rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, QuantumScape presently has an average rating of “Hold” and an average price target of $6.26.

Institutional Investors Weigh In On QuantumScape

Several hedge funds have recently made changes to their positions in QS. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of QuantumScape during the fourth quarter worth $57,000. Van ECK Associates Corp lifted its stake in shares of QuantumScape by 9.1% in the 4th quarter. Van ECK Associates Corp now owns 132,885 shares of the company’s stock worth $690,000 after acquiring an additional 11,050 shares during the period. Essex Financial Services Inc. purchased a new stake in shares of QuantumScape in the fourth quarter valued at about $54,000. Armor Investment Advisors LLC increased its stake in shares of QuantumScape by 4.8% during the fourth quarter. Armor Investment Advisors LLC now owns 117,201 shares of the company’s stock worth $608,000 after acquiring an additional 5,317 shares during the period. Finally, Powell Investment Advisors LLC purchased a new position in QuantumScape during the fourth quarter worth about $119,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

About QuantumScape

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.