QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich Sells 34,607 Shares

QuantumScape Co. (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 34,607 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the transaction, the chief financial officer now directly owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, March 11th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $6.11, for a total value of $211,448.77.
• On Tuesday, February 20th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $6.54, for a total value of $226,329.78.

QuantumScape Stock Up 2.1 %

Shares of NYSE QS traded up $0.13 during mid-day trading on Tuesday, reaching $6.27. 5,884,640 shares of the company were exchanged, compared to its average volume of 9,683,203. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -6.47 and a beta of 4.77. QuantumScape Co. has a 1 year low of $4.99 and a 1 year high of $13.86. The firm has a 50-day moving average of $6.39 and a 200 day moving average of $6.50.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the firm posted ($0.25) earnings per share. On average, research analysts expect that QuantumScape Co. will post -0.87 earnings per share for the current year.

Institutional Investors Weigh In On QuantumScape

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in QuantumScape by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 778,770 shares of the company's stock valued at $15,569,000 after buying an additional 72,570 shares during the last quarter. US Bancorp DE raised its stake in QuantumScape by 78.5% in the first quarter. US Bancorp DE now owns 11,310 shares of the company's stock valued at $226,000 after buying an additional 4,975 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in QuantumScape by 14.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 65,502 shares of the company's stock valued at $1,309,000 after buying an additional 8,253 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in QuantumScape by 18.7% in the first quarter. Cetera Advisor Networks LLC now owns 20,611 shares of the company's stock valued at $412,000 after buying an additional 3,253 shares during the last quarter. Finally, Citigroup Inc. raised its stake in QuantumScape by 10.4% in the first quarter. Citigroup Inc. now owns 88,582 shares of the company's stock valued at $1,771,000 after buying an additional 8,342 shares during the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QS has been the topic of a number of recent research reports. Truist Financial increased their price target on QuantumScape from $7.00 to $8.00 and gave the stock a "hold" rating in a research report on Friday, February 16th. William Blair initiated coverage on QuantumScape in a research report on Monday, December 18th. They set a "market perform" rating on the stock. Finally, Robert W. Baird increased their price target on QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.71.

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.

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