Key Points
- CFO Kevin Hettrich sold 9,800 shares on Nov. 21 at an average price of $11.29 for $110,642, leaving him with 1,502,238 shares (a 0.65% reduction) valued at about $16.96M.
- Hettrich has repeatedly trimmed his stake this year with identical 9,800‑share sales on Sept. 12 ($9.20) and Oct. 1 ($13.94), indicating a pattern of periodic disposals.
- Despite sizable institutional ownership and a $7.15B market cap, QuantumScape remains unprofitable (negative EPS) and carries a MarketBeat consensus rating of 'Reduce' with a $8.81 target price.
QuantumScape Corporation (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 9,800 shares of the business's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $11.29, for a total transaction of $110,642.00. Following the completion of the transaction, the chief financial officer directly owned 1,502,238 shares in the company, valued at $16,960,267.02. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Kevin Hettrich also recently made the following trade(s):
- On Wednesday, October 1st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $13.94, for a total transaction of $136,612.00.
- On Friday, September 12th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $9.20, for a total transaction of $90,160.00.
QuantumScape Stock Up 0.5%
QS opened at $11.89 on Wednesday. The company has a market capitalization of $7.15 billion, a PE ratio of -14.67 and a beta of 4.83. The firm has a 50-day simple moving average of $14.55 and a two-hundred day simple moving average of $9.88. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a 52 week low of $3.40 and a 52 week high of $19.07.
QuantumScape (NYSE:QS - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting analysts' consensus estimates of ($0.18). During the same period in the previous year, the company earned ($0.23) earnings per share. Analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.
Institutional Investors Weigh In On QuantumScape
Several hedge funds and other institutional investors have recently made changes to their positions in QS. Vanguard Group Inc. lifted its holdings in shares of QuantumScape by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,635,232 shares of the company's stock worth $451,346,000 after acquiring an additional 422,378 shares during the last quarter. Geode Capital Management LLC lifted its stake in QuantumScape by 12.5% in the second quarter. Geode Capital Management LLC now owns 6,914,680 shares of the company's stock worth $46,475,000 after purchasing an additional 768,070 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 purchasing an additional 3,904,168 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of QuantumScape by 150.1% during the third quarter. Two Sigma Investments LP now owns 3,630,275 shares of the company's stock valued at $44,725,000 after buying an additional 2,178,918 shares during the period. Finally, Man Group plc bought a new position in shares of QuantumScape during the third quarter valued at approximately $44,421,000. Hedge funds and other institutional investors own 29.87% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of QuantumScape in a research report on Wednesday, October 8th. Hsbc Global Res upgraded shares of QuantumScape to a "moderate sell" rating in a research report on Wednesday, November 19th. Evercore ISI reissued an "in-line" rating and issued a $12.00 price objective (up from $8.00) on shares of QuantumScape in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $10.00 target price on shares of QuantumScape and gave the stock a "hold" rating in a report on Thursday, October 23rd. Finally, HSBC downgraded shares of QuantumScape from a "hold" rating to a "reduce" rating and increased their price target for the company from $5.30 to $10.50 in a report on Wednesday, November 19th. Six equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $8.81.
Get Our Latest Stock Analysis on QuantumScape
QuantumScape Company Profile
(
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.
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