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

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $6.76, for a total value of $66,248.00. Following the transaction, the chief financial officer owned 1,358,079 shares of the company’s stock, valued at approximately $9,180,614.04. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, January 14th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $10.59, for a total value of $103,782.00.
• On Monday, December 15th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $11.07, for a total value of $108,486.00.

QuantumScape Trading Up 3.3%

QS stock opened at $7.26 on Friday. The firm has a fifty day moving average price of $9.58 and a 200 day moving average price of $11.41. QuantumScape Corporation has a fifty-two week low of $3.40 and a fifty-two week high of $19.07. The firm has a market cap of $4.37 billion, a PE ratio of -8.96 and a beta of 2.52. 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 released its quarterly earnings data on Wednesday, February 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). During the same quarter last year, the company posted ($0.22) EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QS. Robert W. Baird set a $12.00 price objective on QuantumScape in a research note on Thursday, February 12th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and lowered their price target for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Morgan Stanley cut their price objective on shares of QuantumScape from $12.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Evercore restated an “in-line” rating and issued a $12.00 target price (up from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Finally, TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a research note on Wednesday, February 18th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, QuantumScape currently has a consensus rating of “Reduce” and a consensus price target of $8.98.

Institutional Trading of QuantumScape

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in QuantumScape by 1.2% during the third quarter. Vanguard Group Inc. now owns 36,635,232 shares of the company’s stock valued at $451,346,000 after buying an additional 422,378 shares during the period. Thames Capital Management LLC purchased a new stake in QuantumScape during the second quarter worth $2,792,000. IFG Advisory LLC bought a new stake in QuantumScape during the 2nd quarter valued at $121,000. State of New Jersey Common Pension Fund D bought a new stake in QuantumScape during the 3rd quarter valued at $3,330,000. Finally, Norges Bank purchased a new position in shares of QuantumScape in the 2nd quarter valued at $2,272,000. 29.87% of the stock is currently 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.