Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells $335,240.00 in Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 58,000 shares of QuantumScape stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $5.78, for a total transaction of $335,240.00. Following the completion of the sale, the chief financial officer now owns 1,073,022 shares in the company, valued at $6,202,067.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 24th, Kevin Hettrich sold 3,300 shares of QuantumScape stock. The shares were sold at an average price of $5.01, for a total transaction of $16,533.00.

QuantumScape Stock Performance

Shares of NYSE QS opened at $5.81 on Thursday. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.90 billion, a P/E ratio of -6.05 and a beta of 4.59. QuantumScape Co. has a 12 month low of $4.67 and a 12 month high of $10.03. The stock has a 50 day moving average of $6.36 and a 200-day moving average of $5.87.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). During the same quarter last year, the business posted ($0.26) EPS. As a group, equities research analysts predict that QuantumScape Co. will post -0.9 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial restated a “hold” rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Wolfe Research started coverage on QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating on the stock. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.95.

Institutional Trading of QuantumScape

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of QuantumScape by 26.4% in the fourth quarter. Victory Capital Management Inc. now owns 43,752 shares of the company’s stock valued at $304,000 after acquiring an additional 9,135 shares during the period. Amalgamated Bank increased its stake in QuantumScape by 5.6% during the 4th quarter. Amalgamated Bank now owns 45,784 shares of the company’s stock worth $318,000 after acquiring an additional 2,432 shares during the period. Private Advisor Group LLC increased its position in shares of QuantumScape by 7.8% in the fourth quarter. Private Advisor Group LLC now owns 46,326 shares of the company’s stock worth $322,000 after purchasing an additional 3,340 shares during the period. Charles Schwab Investment Management Inc. raised its stake in QuantumScape by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,975,157 shares of the company’s stock valued at $13,727,000 after purchasing an additional 81,941 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in QuantumScape during the fourth quarter worth about $167,000. 29.87% of the stock is currently owned by institutional investors.

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.