Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells 55,647 Shares of Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 55,647 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $5.05, for a total value of $281,017.35. Following the completion of the sale, the chief financial officer now owns 1,022,743 shares in the company, valued at approximately $5,164,852.15. This trade represents a 5.16 % decrease in their ownership of the stock. 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 Wednesday, October 9th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $5.49, for a total value of $189,992.43.
• On Thursday, September 12th, Kevin Hettrich sold 58,000 shares of QuantumScape stock. The stock was sold at an average price of $5.78, for a total transaction of $335,240.00.

QuantumScape Stock Performance

QS opened at $5.16 on Friday. The company has a quick ratio of 14.07, a current 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 $10.03. The business has a 50 day moving average of $5.41 and a 200-day moving average of $5.74. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -5.43 and a beta of 4.60.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the business earned ($0.23) earnings per share. On average, equities research analysts expect that QuantumScape Co. will post -0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on QS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Truist Financial reissued a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Wolfe Research began coverage on QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating on the stock. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, QuantumScape presently has an average rating of “Hold” and a consensus price target of $6.26.

Institutional Trading of QuantumScape

Hedge funds and other institutional investors have recently modified their holdings of the stock. 180 Wealth Advisors LLC boosted its stake in QuantumScape by 2.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company’s stock valued at $392,000 after purchasing an additional 2,059 shares during the period. Signaturefd LLC boosted its position in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares during the period. CWM LLC grew its stake in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after acquiring an additional 2,556 shares in the last quarter. Farther Finance Advisors LLC increased its position in QuantumScape by 32.4% during the third quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock worth $78,000 after acquiring an additional 3,310 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in QuantumScape by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock worth $413,000 after purchasing an additional 3,527 shares in the last quarter. 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.