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

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $7.94, for a total transaction of $77,812.00. Following the sale, the chief financial officer owned 1,826,057 shares in the company, valued at $14,498,892.58. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, May 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $8.06, for a total transaction of $78,988.00.
• 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 transaction of $60,760.00.

QuantumScape Stock Performance

QuantumScape stock opened at $7.13 on Friday. QuantumScape Corporation has a 12-month low of $5.60 and a 12-month high of $19.07. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -8.80 and a beta of 2.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The firm’s fifty day moving average price is $7.74 and its 200 day moving average price is $8.39.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same quarter last year, the business posted ($0.21) earnings per share. On average, research analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new stake in QuantumScape during the 4th quarter valued at approximately $25,000. Russell Investments Group Ltd. raised its position in shares of QuantumScape by 685.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after purchasing an additional 3,311 shares in the last quarter. VSM Wealth Advisory LLC boosted its stake in shares of QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after buying an additional 750 shares during the last quarter. Albion Financial Group UT grew its position in shares of QuantumScape by 200.0% during the fourth quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,000 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of QuantumScape by 373.6% during the fourth quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock worth $41,000 after buying an additional 3,071 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Company Profile

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.