Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells 53,975 Shares of Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 53,975 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 930,800 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 27th, Kevin Hettrich sold 36,949 shares of QuantumScape stock. The stock was 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 stock was sold at an average price of $5.10, for a total value of $151,301.70.

QuantumScape Price Performance

QuantumScape stock opened at $5.18 on Friday. 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 company has a market capitalization of $2.65 billion, a price-to-earnings ratio of -5.51 and a beta of 4.45. The company’s 50 day simple moving average is $5.29 and its 200-day simple moving average is $5.40. QuantumScape Co. has a 1 year low of $4.65 and a 1 year high of $9.52.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). As a group, equities research analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current year.

Hedge Funds Weigh In On QuantumScape

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in QuantumScape during the fourth quarter worth about $26,000. Signaturefd LLC boosted its stake 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 purchasing an additional 2,148 shares during the period. International Assets Investment Management LLC grew its holdings in shares of QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after purchasing an additional 4,228 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in QuantumScape during the 4th quarter worth approximately $29,000. Finally, Blue Trust Inc. lifted its holdings in QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after buying an additional 4,556 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QS has been the subject of a number of analyst reports. Evercore ISI dropped their price objective on shares of QuantumScape from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Truist Financial cut their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 14th. HSBC raised shares of 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. Finally, Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, QuantumScape presently has a consensus rating of “Hold” and a consensus target price of $6.06.

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.