QuantumScape (NYSE:QS) CFO Sells $136,612.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $13.94, for a total value of $136,612.00. Following the transaction, the chief financial officer owned 1,591,467 shares in the company, valued at approximately $22,185,049.98. This represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, September 12th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $9.20, for a total value of $90,160.00.

QuantumScape Price Performance

Shares of QuantumScape stock opened at $15.91 on Monday. The business has a 50 day moving average of $9.81 and a 200 day moving average of $6.97. QuantumScape Corporation has a 52 week low of $3.40 and a 52 week high of $16.49. The company has a market cap of $9.01 billion, a PE ratio of -18.50 and a beta of 4.85. The company has a quick ratio of 16.40, a current ratio of 16.40 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.20). The company had revenue of $36.67 million for the quarter. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. As a group, equities research analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on QS shares. Robert W. Baird raised their price objective on shares of QuantumScape from $6.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. TD Cowen upgraded QuantumScape to a “hold” rating in a research note on Monday, July 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuantumScape in a research report on Saturday, September 27th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, QuantumScape has an average rating of “Reduce” and a consensus price target of $5.88.

Institutional Trading of QuantumScape

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of QuantumScape by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company’s stock worth $147,064,000 after buying an additional 2,911,362 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of QuantumScape by 12.5% in the second quarter. Geode Capital Management LLC now owns 6,914,680 shares of the company’s stock worth $46,475,000 after acquiring an additional 768,070 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of QuantumScape by 456.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock valued at $19,799,000 after acquiring an additional 3,904,168 shares in the last quarter. Bank of America Corp DE raised its position in shares of QuantumScape by 148.0% in the 2nd quarter. Bank of America Corp DE now owns 2,803,989 shares of the company’s stock worth $18,843,000 after purchasing an additional 1,673,472 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of QuantumScape by 2,036.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,452,835 shares of the company’s stock worth $16,483,000 after purchasing an additional 2,338,038 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

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.