Insider Selling: QuantumScape (NYSE:QS) CFO Sells $103,782.00 in Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.59, for a total value of $103,782.00. Following the sale, the chief financial officer owned 1,485,138 shares of the company’s stock, valued at approximately $15,727,611.42. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 15th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $11.07, for a total transaction of $108,486.00.
• 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 transaction of $110,642.00.

QuantumScape Price Performance

QuantumScape stock opened at $10.55 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of -13.02 and a beta of 2.60. The firm has a 50-day moving average of $11.84 and a two-hundred day moving average of $11.70. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year high of $19.07.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.18). During the same period in the previous year, the business posted ($0.23) earnings per share. On average, research analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QS. Hsbc Global Res upgraded QuantumScape to a “moderate sell” rating in a report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of QuantumScape and gave the company a “hold” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuantumScape in a research note on Wednesday, October 8th. Evercore ISI reissued an “in-line” rating and issued a $12.00 price objective (up previously from $8.00) on shares of QuantumScape in a research note on Monday, November 24th. Finally, Cowen restated a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $9.17.

Hedge Funds Weigh In On QuantumScape

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of QuantumScape during the 1st quarter valued at $321,000. NewEdge Advisors LLC grew its stake in QuantumScape by 50.4% during the 1st quarter. NewEdge Advisors LLC now owns 21,224 shares of the company’s stock worth $88,000 after buying an additional 7,111 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in QuantumScape by 456.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company’s stock valued at $19,799,000 after buying an additional 3,904,168 shares in the last quarter. Parallel Advisors LLC increased its position in QuantumScape by 91.4% during the 2nd quarter. Parallel Advisors LLC now owns 11,083 shares of the company’s stock valued at $74,000 after buying an additional 5,292 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in QuantumScape by 22.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,881 shares of the company’s stock valued at $245,000 after buying an additional 6,413 shares during the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.

QuantumScape Company Profile

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.