Kevin Hettrich Sells 36,949 Shares of QuantumScape Co. (NYSE:QS) Stock

QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich sold 36,949 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the completion of the sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at $5,183,084.50. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The shares were sold at an average price of $5.10, for a total transaction of $151,301.70.
• On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35.

QuantumScape Price Performance

QS stock opened at $5.21 on Friday. The business’s fifty day moving average price is $5.29 and its 200 day moving average price is $5.66. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $9.52. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.67 billion, a PE ratio of -5.48 and a beta of 4.46.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on QS shares. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.26.

Institutional Trading of QuantumScape

Institutional investors and hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape in the fourth quarter valued at approximately $26,000. Signaturefd LLC lifted its holdings in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its position in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after buying an additional 4,228 shares during the period. Blue Trust Inc. grew its stake in shares of QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after acquiring an additional 4,556 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of QuantumScape during the second quarter worth $52,000. 29.87% of the stock is currently 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.