QuantumScape (NYSE:QS) CFO Sells $108,486.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 1,492,438 shares of the company’s stock, valued at approximately $16,521,288.66. The trade was a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction 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 Stock Performance

Shares of QS opened at $11.39 on Friday. The company has a market cap of $6.85 billion, a PE ratio of -14.06 and a beta of 2.76. The firm has a 50-day moving average of $13.94 and a 200-day moving average of $10.78. QuantumScape Corporation has a one year low of $3.40 and a one year high of $19.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.18). During the same quarter last year, the company earned ($0.23) earnings per share. As a group, equities analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QS. HSBC cut QuantumScape from a “hold” rating to a “reduce” rating and increased their price target for the company from $5.30 to $10.50 in a research note on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of QuantumScape in a research report on Wednesday, October 8th. Morgan Stanley initiated coverage on shares of QuantumScape in a report on Monday, December 8th. They set an “equal weight” rating and a $12.00 target price for the company. TD Cowen upped their price target 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, Evercore ISI restated an “in-line” rating and set a $12.00 price objective (up from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $9.17.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in QuantumScape in the 3rd quarter valued at about $64,000. Swiss Life Asset Management Ltd raised its position in shares of QuantumScape by 72.6% in the third quarter. Swiss Life Asset Management Ltd now owns 18,870 shares of the company’s stock valued at $232,000 after buying an additional 7,940 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in QuantumScape during the third quarter worth approximately $129,000. Coldstream Capital Management Inc. increased its stake in QuantumScape by 8.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock worth $153,000 after acquiring an additional 939 shares during the period. Finally, Advisory Services Network LLC acquired a new position in QuantumScape in the 3rd quarter valued at $809,000. 29.87% of the stock is owned by institutional investors.

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.