Insider Selling: QuantumScape (NYSE:QS) CFO Sells 9,800 Shares of Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $8.06, for a total value of $78,988.00. Following the completion of the sale, the chief financial officer owned 1,833,902 shares in the company, valued at $14,781,250.12. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, April 2nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $6.20, for a total value of $60,760.00.
• On Monday, February 23rd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $6.76, for a total value of $66,248.00.

QuantumScape Trading Down 2.1%

Shares of NYSE:QS traded down $0.18 during midday trading on Friday, reaching $8.20. The company’s stock had a trading volume of 21,298,759 shares, compared to its average volume of 17,220,209. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -10.12 and a beta of 2.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The firm has a 50 day moving average price of $7.08 and a two-hundred day moving average price of $9.37. QuantumScape Corporation has a fifty-two week low of $3.87 and a fifty-two week high of $19.07.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same period last year, the company earned ($0.21) earnings per share. As a group, analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tsfg LLC raised its stake in QuantumScape by 233.3% during the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,400 shares during the period. REAP Financial Group LLC raised its stake in QuantumScape by 300.0% during the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,500 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in QuantumScape during the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. raised its stake in QuantumScape by 685.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after buying an additional 3,311 shares during the period. Finally, VSM Wealth Advisory LLC raised its stake in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after buying an additional 750 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and dropped their price objective for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. Robert W. Baird set a $12.00 price objective on QuantumScape in a research note on Thursday, February 12th. Finally, TD Cowen reissued a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.13.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.