QuantumScape Co. (NYSE:QS) CFO Sells $282,289.25 in Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 53,975 shares of QuantumScape stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $282,289.25. Following the transaction, the chief financial officer now owns 930,800 shares in the company, valued at $4,868,084. This trade represents a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $5.10, for a total value of $151,301.70.

QuantumScape Trading Down 2.9 %

Shares of QS stock opened at $5.18 on Monday. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $5.29 and its 200-day moving average price is $5.40. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -5.51 and a beta of 4.45.

QuantumScape (NYSE:QS) last issued 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). Equities research analysts predict that QuantumScape Co. will post -0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On QuantumScape

Several large investors have recently made changes to their positions in QS. Heck Capital Advisors LLC bought a new stake in shares of QuantumScape in the fourth quarter worth about $26,000. Signaturefd LLC increased its stake in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares during the last quarter. International Assets Investment Management LLC increased its stake in QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after acquiring an additional 4,228 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in QuantumScape during the fourth quarter worth approximately $29,000. Finally, Blue Trust Inc. increased its stake in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after acquiring an additional 4,556 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.