Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells 53,975 Shares of Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 53,975 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.23, for a total value of $282,289.25. Following the completion of the sale, the chief financial officer now owns 930,800 shares in the company, valued at $4,868,084. The trade was a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 27th, Kevin Hettrich sold 36,949 shares of QuantumScape stock. The stock was sold at an average price of $5.06, for a total value of $186,961.94.
• On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The stock was sold at an average price of $5.10, for a total value of $151,301.70.

QuantumScape Stock Down 2.9 %

NYSE QS opened at $5.18 on Friday. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $9.52. The business’s fifty day moving average price is $5.29 and its 200-day moving average price is $5.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). As a group, research analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current year.

Hedge Funds Weigh In On QuantumScape

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in QuantumScape by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company’s stock worth $168,367,000 after purchasing an additional 956,072 shares during the period. State Street Corp increased its stake in QuantumScape by 1.5% in the 3rd quarter. State Street Corp now owns 5,918,496 shares of the company’s stock worth $34,031,000 after buying an additional 87,563 shares in the last quarter. Geode Capital Management LLC increased its stake in QuantumScape by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,882,031 shares of the company’s stock worth $30,538,000 after buying an additional 28,073 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in QuantumScape by 55.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,814,127 shares of the company’s stock worth $30,183,000 after buying an additional 2,066,844 shares in the last quarter. Finally, Norges Bank purchased a new stake in QuantumScape in the 4th quarter worth $17,762,000. 29.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

QS has been the topic of several analyst reports. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. 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. Evercore ISI lowered their price objective on QuantumScape from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Truist Financial lowered their price target on QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.06.

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.