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 shares were sold at an average price of $5.01, for a total value of $16,533.00. Following 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 SEC, which is accessible 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 shares were sold at an average price of $6.14, for a total value of $212,486.98.

QuantumScape Price Performance

Shares of NYSE QS opened at $5.03 on Friday. The business has a fifty day moving average price of $5.50 and a 200 day moving average price of $6.27. QuantumScape Co. has a 1-year low of $4.67 and a 1-year high of $13.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38.

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

Wall Street Analysts Forecast Growth

QS has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Truist Financial reduced their target price 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Westwood Holdings Group Inc. acquired a new stake in shares of QuantumScape during the first quarter worth about $82,000. DekaBank Deutsche Girozentrale purchased a new position in QuantumScape during the 1st quarter worth approximately $1,002,000. Tidal Investments LLC lifted its stake in QuantumScape by 202.0% during the 1st quarter. Tidal Investments LLC now owns 137,755 shares of the company’s stock valued at $866,000 after acquiring an additional 92,142 shares during the period. California State Teachers Retirement System boosted its holdings in shares of QuantumScape by 2.3% in the 1st quarter. California State Teachers Retirement System now owns 344,306 shares of the company’s stock valued at $2,166,000 after acquiring an additional 7,585 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of QuantumScape by 1.4% in the first quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company’s stock worth $11,482,000 after acquiring an additional 25,347 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

About QuantumScape

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.