Key Points
- QuantumScape CFO Kevin Hettrich sold 9,800 shares on December 15 at an average price of $11.07 for $108,486, trimming his position by 0.65% to about 1,492,438 shares; this follows two prior 9,800-share sales in October and November.
- QuantumScape shares traded around $11.26 (50‑day MA $14.09, 200‑day MA $10.73) with a market cap of ~$6.8B and a 52‑week range of $3.40–$19.07, while analysts have a consensus "Reduce" rating and a $9.17 target.
QuantumScape Corporation (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 9,800 shares of the company's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.07, for a total value of $108,486.00. Following the sale, the chief financial officer directly owned 1,492,438 shares of the company's stock, valued at $16,521,288.66. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Kevin Hettrich also recently made the following trade(s):
- On Friday, November 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $11.29, for a total transaction of $110,642.00.
- On Wednesday, October 1st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $13.94, for a total transaction of $136,612.00.
QuantumScape Stock Performance
Shares of NYSE QS traded up $0.52 during trading hours on Thursday, hitting $11.26. 4,260,188 shares of the stock were exchanged, compared to its average volume of 28,340,080. QuantumScape Corporation has a one year low of $3.40 and a one year high of $19.07. The company's 50 day moving average is $14.09 and its 200 day moving average is $10.73. 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 firm has a market capitalization of $6.77 billion, a P/E ratio of -13.81 and a beta of 2.76.
QuantumScape (NYSE:QS - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). During the same quarter in the prior year, the company posted ($0.23) earnings per share. On average, research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of QS. Cetera Investment Advisers increased its holdings in QuantumScape by 28.5% in the 1st quarter. Cetera Investment Advisers now owns 64,169 shares of the company's stock valued at $267,000 after buying an additional 14,225 shares during the period. Vanguard Group Inc. lifted its holdings in shares of QuantumScape by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company's stock worth $147,064,000 after acquiring an additional 2,911,362 shares during the period. Townsquare Capital LLC lifted its holdings in shares of QuantumScape by 150.9% during the 1st quarter. Townsquare Capital LLC now owns 85,167 shares of the company's stock worth $354,000 after acquiring an additional 51,218 shares during the period. Nuveen LLC acquired a new stake in shares of QuantumScape during the 1st quarter valued at about $2,819,000. Finally, HighTower Advisors LLC increased its stake in QuantumScape by 13.7% in the first quarter. HighTower Advisors LLC now owns 23,611 shares of the company's stock valued at $98,000 after acquiring an additional 2,838 shares during the period. 29.87% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Cowen reissued a "hold" rating on shares of QuantumScape in a research report on Thursday, October 30th. HSBC lowered QuantumScape from a "hold" rating to a "reduce" rating and upped their price target for the stock from $5.30 to $10.50 in a report on Wednesday, November 19th. TD Cowen raised their price objective on shares of QuantumScape from $5.00 to $16.00 and gave the stock a "hold" rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of QuantumScape in a research note on Wednesday, October 8th. Finally, Morgan Stanley started coverage on shares of QuantumScape in a research report on Monday, December 8th. They issued an "equal weight" rating and a $12.00 price target on the stock. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, QuantumScape has a consensus rating of "Reduce" and a consensus target price of $9.17.
Get Our Latest Analysis on QS
About QuantumScape
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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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