Kevin Hettrich Sells 3,300 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 3,300 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $5.01, for a total transaction of $16,533.00. Following the completion of the sale, the chief financial officer now owns 1,148,521 shares in the company, valued at approximately $5,754,090.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, May 20th, Kevin Hettrich sold 45,848 shares of QuantumScape stock. The stock was sold at an average price of $5.61, for a total transaction of $257,207.28.
• On Monday, April 8th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98.

QuantumScape Stock Performance

QS opened at $4.92 on Friday. The company has a quick ratio of 10.38, a current ratio of 10.38 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -5.13 and a beta of 4.69. QuantumScape Co. has a 52-week low of $4.67 and a 52-week high of $13.86. The firm’s fifty day simple moving average is $5.49 and its two-hundred day simple moving average is $6.26.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Equities analysts anticipate that QuantumScape Co. will post -0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QS has been the topic of a number of research reports. UBS Group cut their price objective on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Truist Financial dropped their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, QuantumScape has an average rating of “Hold” and an average price target of $6.67.

Hedge Funds Weigh In On QuantumScape

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QS. Citigroup Inc. lifted its holdings in QuantumScape by 97.7% during the third quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock valued at $703,000 after purchasing an additional 51,934 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of QuantumScape by 65.2% in the third quarter. Rafferty Asset Management LLC now owns 50,032 shares of the company’s stock worth $335,000 after buying an additional 19,742 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of QuantumScape in the third quarter worth about $184,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of QuantumScape in the third quarter worth about $771,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of QuantumScape in the third quarter worth about $84,000. 29.87% of the stock is owned by hedge funds and other 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.