Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells $281,017.35 in Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 55,647 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total value of $281,017.35. Following the transaction, the chief financial officer now directly owns 1,022,743 shares in the company, valued at $5,164,852.15. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, October 9th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43.
• On Thursday, September 12th, Kevin Hettrich sold 58,000 shares of QuantumScape stock. The shares were sold at an average price of $5.78, for a total transaction of $335,240.00.

QuantumScape Stock Up 2.4 %

Shares of QS stock opened at $5.16 on Monday. The stock’s fifty day moving average price is $5.41 and its 200 day moving average price is $5.74. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $10.03. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -5.43 and a beta of 4.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period last year, the firm posted ($0.23) earnings per share. On average, research analysts expect that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

QS has been the topic of a number of recent research reports. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a research note on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and issued a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a research note on Tuesday, September 10th. Wolfe Research began coverage on QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.26.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QS. Signaturefd LLC lifted its holdings in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the period. International Assets Investment Management LLC lifted its stake 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 during the period. CWM LLC boosted its holdings in shares of QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after acquiring an additional 2,556 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of QuantumScape in the second quarter worth $36,000. Finally, Alaska Wealth Advisors purchased a new position in shares of QuantumScape during the second quarter worth $49,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.