Insider Selling: QuantumScape (NYSE:QS) CFO Sells $77,812.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $7.94, for a total transaction of $77,812.00. Following the sale, the chief financial officer directly owned 1,826,057 shares in the company, valued at approximately $14,498,892.58. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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.
• On Thursday, April 2nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $6.20, for a total value of $60,760.00.

QuantumScape Stock Performance

NYSE QS opened at $7.16 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -8.84 and a beta of 2.60. The stock has a 50-day moving average of $7.74 and a 200 day moving average of $8.38. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a twelve month low of $5.90 and a twelve month high of $19.07.

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

Hedge Funds Weigh In On QuantumScape

Large investors have recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC grew its position in shares of QuantumScape by 46.8% in the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after purchasing an additional 750 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of QuantumScape during the 4th quarter worth about $25,000. Albion Financial Group UT raised its position in shares of QuantumScape by 200.0% during the 4th quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,000 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in QuantumScape by 685.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after buying an additional 3,311 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its stake in QuantumScape by 373.6% in the 4th quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock valued at $41,000 after buying an additional 3,071 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.