Kevin Hettrich Sells 58,000 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 58,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $5.78, for a total transaction of $335,240.00. Following the completion of the sale, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at $6,202,067.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 24th, Kevin Hettrich sold 3,300 shares of QuantumScape stock. The stock was sold at an average price of $5.01, for a total value of $16,533.00.

QuantumScape Stock Performance

NYSE QS traded down $0.08 during trading on Monday, hitting $5.87. The company’s stock had a trading volume of 3,039,573 shares, compared to its average volume of 8,749,158. QuantumScape Co. has a 52 week low of $4.67 and a 52 week high of $10.03. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.93 billion, a P/E ratio of -6.17 and a beta of 4.59. The firm has a 50 day moving average price of $6.33 and a 200 day moving average price of $5.88.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter in the previous year, the business posted ($0.26) EPS. Equities research analysts forecast that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in QuantumScape by 26.4% in the fourth quarter. Victory Capital Management Inc. now owns 43,752 shares of the company’s stock worth $304,000 after purchasing an additional 9,135 shares during the period. Amalgamated Bank boosted its position in shares of QuantumScape by 5.6% during the 4th quarter. Amalgamated Bank now owns 45,784 shares of the company’s stock valued at $318,000 after acquiring an additional 2,432 shares in the last quarter. Private Advisor Group LLC raised its position in QuantumScape by 7.8% in the fourth quarter. Private Advisor Group LLC now owns 46,326 shares of the company’s stock worth $322,000 after purchasing an additional 3,340 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in QuantumScape by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,975,157 shares of the company’s stock worth $13,727,000 after purchasing an additional 81,941 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in QuantumScape during the fourth quarter valued at approximately $167,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QS shares. Truist Financial reissued a “hold” rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Wolfe Research started coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.53.

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.