QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich Sells 53,975 Shares of 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 value 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 $4,868,084. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $5.10, for a total value of $151,301.70.

QuantumScape Stock Performance

Shares of NYSE:QS opened at $5.18 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 quick ratio of 14.07 and a current ratio of 14.07. The stock’s 50-day moving average is $5.29 and its 200 day moving average is $5.40.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). On average, analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of QuantumScape

Several large investors have recently bought and sold shares of QS. Heck Capital Advisors LLC bought a new stake in QuantumScape during the 4th quarter valued at approximately $26,000. Signaturefd LLC boosted its position in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its position in QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in QuantumScape during the 4th quarter valued at approximately $29,000. Finally, Blue Trust Inc. boosted its position in QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after acquiring an additional 4,556 shares in the last quarter. 29.87% of the stock is owned by institutional investors.

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.