Insider Selling: QuantumScape (NYSE:QS) CFO Sells $108,486.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.07, for a total value of $108,486.00. Following the transaction, the chief financial officer owned 1,492,438 shares in the company, valued at $16,521,288.66. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, November 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $11.29, for a total value of $110,642.00.
• On Wednesday, October 1st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $13.94, for a total value of $136,612.00.

QuantumScape Trading Down 1.1%

Shares of NYSE QS traded down $0.12 during midday trading on Wednesday, hitting $10.73. The stock had a trading volume of 23,355,845 shares, compared to its average volume of 28,446,098. QuantumScape Corporation has a 1-year low of $3.40 and a 1-year high of $19.07. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -13.24 and a beta of 2.76. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $14.18 and a 200 day moving average price of $10.73.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). During the same quarter in the prior year, the company posted ($0.23) earnings per share. On average, analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QS. Tsfg LLC boosted its holdings in shares of QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,400 shares during the period. REAP Financial Group LLC lifted its stake in QuantumScape by 300.0% in the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,500 shares during the period. Russell Investments Group Ltd. grew its stake in QuantumScape by 685.5% in the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after purchasing an additional 3,311 shares during the period. North Capital Inc. purchased a new position in QuantumScape during the second quarter valued at $27,000. Finally, Global Retirement Partners LLC lifted its position in QuantumScape by 538.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock valued at $28,000 after acquiring an additional 1,950 shares in the last quarter. Institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

QS has been the topic of a number of research reports. Cowen restated a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Hsbc Global Res raised shares of QuantumScape to a “moderate sell” rating in a research note on Wednesday, November 19th. Evercore ISI reissued 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. HSBC cut QuantumScape from a “hold” rating to a “reduce” rating and lifted their target price for the company from $5.30 to $10.50 in a research note on Wednesday, November 19th. Finally, TD Cowen increased their target price on QuantumScape from $5.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $9.17.

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.