QuantumScape (NYSE:QS) CFO Kevin Hettrich Sells 9,800 Shares of Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $11.07, for a total value of $108,486.00. Following the completion of the transaction, the chief financial officer owned 1,492,438 shares of the company’s stock, valued at $16,521,288.66. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $11.29, for a total value of $110,642.00.
• On Wednesday, October 1st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $13.94, for a total transaction of $136,612.00.

QuantumScape Trading Up 4.8%

Shares of QuantumScape stock traded up $0.52 during trading on Thursday, hitting $11.26. The stock had a trading volume of 4,260,188 shares, compared to its average volume of 28,340,080. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year high of $19.07. The stock has a 50 day simple moving average of $14.09 and a 200 day simple moving average of $10.73. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $6.77 billion, a PE ratio of -13.81 and a beta of 2.76.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). During the same quarter last year, the business posted ($0.23) earnings per share. On average, research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

QS has been the subject of several research analyst reports. Morgan Stanley started coverage on QuantumScape in a research note on Monday, December 8th. They issued an “equal weight” rating and a $12.00 price objective for the company. Hsbc Global Res raised shares of QuantumScape to a “moderate sell” rating in a research report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of QuantumScape and gave the company a “hold” rating in a research report on Thursday, October 23rd. TD Cowen upped their price objective on shares of QuantumScape from $5.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of QuantumScape in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $9.17.

Institutional Investors Weigh In On QuantumScape

Several large investors have recently made changes to their positions in QS. Tsfg LLC lifted its stake in QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,400 shares during the last quarter. REAP Financial Group LLC raised its holdings in shares of QuantumScape by 300.0% during the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,500 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of QuantumScape by 538.7% during the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after purchasing an additional 1,950 shares in the last quarter. VSM Wealth Advisory LLC boosted its holdings in QuantumScape by 46.8% in the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after purchasing an additional 750 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in QuantumScape by 67.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company’s stock worth $31,000 after purchasing an additional 1,005 shares in the last quarter. Institutional investors 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.