QuantumScape Co. (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 45,848 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $5.61, for a total value of $257,207.28. Following the completion of the transaction, the chief financial officer now owns 1,145,821 shares of the company's stock, valued at approximately $6,428,055.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Kevin Hettrich also recently made the following trade(s):
- On Monday, April 8th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $6.14, for a total value of $212,486.98.
- On Monday, March 11th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was 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 stock was sold at an average price of $6.54, for a total value of $226,329.78.
QuantumScape Stock Performance
Shares of QS stock traded up $0.06 during trading on Monday, reaching $5.66. The company had a trading volume of 5,009,795 shares, compared to its average volume of 8,840,912. The firm's 50 day simple moving average is $5.75 and its two-hundred day simple moving average is $6.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38. QuantumScape Co. has a one year low of $4.92 and a one year high of $13.86. The company has a market capitalization of $2.82 billion, a PE ratio of -5.89 and a beta of 4.74.
QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Sell-side analysts forecast that QuantumScape Co. will post -0.9 earnings per share for the current year.
Hedge Funds Weigh In On QuantumScape
Institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management boosted its position in QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of QuantumScape by 595.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company's stock valued at $43,000 after acquiring an additional 5,296 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its holdings in QuantumScape by 37.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company's stock worth $45,000 after buying an additional 1,835 shares during the period. StepStone Group LP acquired a new position in QuantumScape during the 4th quarter worth about $56,000. Finally, Tower Research Capital LLC TRC raised its position in shares of QuantumScape by 57.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,096 shares of the company's stock worth $56,000 after acquiring an additional 2,954 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on QS shares. UBS Group decreased their price objective on QuantumScape from $9.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, April 25th. Robert W. Baird raised their price objective on QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Finally, Truist Financial cut their price target on QuantumScape from $8.00 to $6.00 and set a "hold" rating for the company in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.09.
Get Our Latest Stock Report on QS
About QuantumScape
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider QuantumScape, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QuantumScape wasn't on the list.
While QuantumScape currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
