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

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 58,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $5.78, for a total value of $335,240.00. Following the completion of the transaction, the chief financial officer now directly owns 1,073,022 shares in the company, valued at approximately $6,202,067.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $16,533.00.

QuantumScape Trading Down 1.3 %

Shares of NYSE QS traded down $0.08 during midday trading on Monday, reaching $5.87. 3,039,573 shares of the stock were exchanged, compared to its average volume of 8,749,158. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -6.17 and a beta of 4.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. The business has a 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $5.88.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). During the same quarter in the previous year, the business earned ($0.26) earnings per share. As a group, equities research analysts expect that QuantumScape Co. will post -0.9 EPS for the current year.

Institutional Trading of QuantumScape

A number of large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in QuantumScape by 240.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,256,034 shares of the company’s stock worth $26,770,000 after purchasing an additional 3,004,964 shares in the last quarter. Norges Bank acquired a new position in shares of QuantumScape during the fourth quarter worth about $18,482,000. Vanguard Group Inc. grew its holdings in shares of QuantumScape by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock worth $207,306,000 after buying an additional 796,723 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in QuantumScape in the 2nd quarter valued at approximately $1,950,000. Finally, American Century Companies Inc. lifted its stake in QuantumScape by 880.6% in the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock valued at $1,733,000 after acquiring an additional 316,361 shares in the last quarter. 29.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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