QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich Sells 36,949 Shares

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 36,949 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the sale, the chief financial officer now directly owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The shares were sold at an average price of $5.10, for a total value of $151,301.70.
• On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The shares were sold at an average price of $5.05, for a total value of $281,017.35.

QuantumScape Trading Down 0.7 %

NYSE QS opened at $5.09 on Thursday. QuantumScape Co. has a 52 week low of $4.65 and a 52 week high of $9.52. The firm has a 50 day moving average of $5.29 and a two-hundred day moving average of $5.66. The stock has a market capitalization of $2.61 billion, a PE ratio of -5.36 and a beta of 4.46. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On QuantumScape

Several large investors have recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in QuantumScape during the 4th quarter worth about $26,000. Signaturefd LLC raised its position in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in 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. Blue Trust Inc. boosted its holdings in QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after purchasing an additional 4,556 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in QuantumScape in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on QS shares. Truist Financial reissued a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.26.

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.