Insider Selling: QuantumScape (NYSE:QS) CFO Sells 9,800 Shares of Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $7.28, for a total transaction of $71,344.00. Following the completion of the transaction, the chief financial officer owned 1,816,257 shares in the company, valued at approximately $13,222,350.96. This represents a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 22nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $7.94, for a total transaction of $77,812.00.
• On Thursday, May 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $8.06, for a total transaction of $78,988.00.

QuantumScape Stock Down 6.2%

QS stock traded down $0.45 during midday trading on Tuesday, hitting $6.79. The company’s stock had a trading volume of 31,375,788 shares, compared to its average volume of 18,743,135. The company has a market cap of $4.18 billion, a PE ratio of -8.38 and a beta of 2.61. QuantumScape Corporation has a 12 month low of $5.90 and a 12 month high of $19.07. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average is $7.77 and its 200-day moving average is $8.16.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the prior year, the business posted ($0.21) earnings per share. On average, equities research analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuantumScape

Large investors have recently bought and sold shares of the business. Morgan Stanley raised its position in QuantumScape by 333.5% in the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock worth $115,938,000 after buying an additional 8,559,554 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of QuantumScape during the 4th quarter valued at about $84,584,000. Vanguard Group Inc. boosted its holdings in shares of QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock valued at $426,793,000 after acquiring an additional 4,323,829 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of QuantumScape by 456.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock worth $19,799,000 after acquiring an additional 3,904,168 shares during the period. Finally, Man Group plc purchased a new position in shares of QuantumScape during the third quarter valued at approximately $44,421,000. 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.