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

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $7.28, for a total value of $71,344.00. Following the completion of the transaction, the chief financial officer owned 1,816,257 shares in the company, valued at approximately $13,222,350.96. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, June 22nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $7.94, for a total value of $77,812.00.
• 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 value of $78,988.00.

QuantumScape Stock Down 6.2%

QuantumScape stock opened at $6.79 on Wednesday. QuantumScape Corporation has a fifty-two week low of $5.90 and a fifty-two week high of $19.07. The stock has a market cap of $4.18 billion, a PE ratio of -8.38 and a beta of 2.61. The firm’s 50-day simple moving average is $7.76 and its 200 day simple moving average is $8.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period in the previous year, the business earned ($0.21) EPS. Research analysts predict that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On QuantumScape

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley lifted its position in shares of QuantumScape by 333.5% during the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock valued at $115,938,000 after buying an additional 8,559,554 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of QuantumScape during the fourth quarter valued at about $84,584,000. Vanguard Group Inc. increased its holdings in QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after acquiring an additional 4,323,829 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of QuantumScape by 456.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after buying an additional 3,904,168 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of QuantumScape in the 3rd quarter valued at about $44,421,000. Institutional investors 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.