Kevin Hettrich Sells 53,975 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 53,975 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.23, for a total transaction of $282,289.25. Following the completion of the transaction, the chief financial officer now directly owns 930,800 shares of the company’s stock, valued at approximately $4,868,084. This represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $186,961.94.
• On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The stock was sold at an average price of $5.10, for a total value of $151,301.70.

QuantumScape Trading Down 2.9 %

Shares of NYSE:QS opened at $5.18 on Friday. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52. The business has a 50 day moving average of $5.29 and a two-hundred day moving average of $5.40. The company has a market capitalization of $2.65 billion, a PE ratio of -5.51 and a beta of 4.45.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI cut their price objective on QuantumScape from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a research report on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, Truist Financial cut their price objective on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, QuantumScape has an average rating of “Hold” and a consensus price target of $6.06.

Institutional Investors Weigh In On QuantumScape

Several hedge funds have recently modified their holdings of QS. Tidal Investments LLC raised its holdings in QuantumScape by 13.0% in the 4th quarter. Tidal Investments LLC now owns 138,089 shares of the company’s stock worth $717,000 after purchasing an additional 15,865 shares during the period. Shay Capital LLC purchased a new stake in shares of QuantumScape in the fourth quarter valued at approximately $123,000. Raiffeisen Bank International AG acquired a new position in shares of QuantumScape during the 4th quarter worth approximately $29,000. Man Group plc purchased a new position in shares of QuantumScape during the 4th quarter valued at approximately $252,000. Finally, Numerai GP LLC grew its stake in QuantumScape by 518.8% in the 4th quarter. Numerai GP LLC now owns 118,352 shares of the company’s stock valued at $614,000 after acquiring an additional 99,226 shares during the period. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.