Key Points
- CFO Kevin Hettrich sold 9,800 shares of QuantumScape on January 14 at an average price of $10.59 for $103,782, leaving him with 1,485,138 shares (a 0.66% reduction in ownership).
- The sale continues a pattern of insider disposals—Hettrich also sold 9,800 shares on December 15 at $11.07 and 9,800 shares on November 21 at $11.29.
- QuantumScape shares trade around $10.55 with 50/200-day moving averages near $11.8, a market cap of $6.34B, and analysts hold an average rating of "Reduce" with a consensus target price of $9.17.
QuantumScape Corporation (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 9,800 shares of the company's 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 represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $11.07, for a total value 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 value of $110,642.00.
QuantumScape Trading Up 1.6%
QS opened at $10.55 on Friday. The company's 50 day moving average is $11.84 and its 200-day moving average is $11.63. QuantumScape Corporation has a 1-year low of $3.40 and a 1-year high of $19.07. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The company has a market cap of $6.34 billion, a P/E ratio of -13.02 and a beta of 2.60.
QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.18). During the same quarter last year, the firm earned ($0.23) EPS. Equities research analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.
Hedge Funds Weigh In On QuantumScape
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in QuantumScape by 1.2% in the third quarter. Vanguard Group Inc. now owns 36,635,232 shares of the company's stock valued at $451,346,000 after acquiring an additional 422,378 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of QuantumScape by 12.5% in the 2nd 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of QuantumScape by 456.5% in 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 purchasing an additional 3,904,168 shares during the last quarter. Two Sigma Investments LP increased 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 worth $44,725,000 after buying an additional 2,178,918 shares during the period. Finally, Man Group plc bought a new position in QuantumScape during the third quarter worth $44,421,000. 29.87% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
QS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $10.00 target price on QuantumScape and gave the stock a "hold" rating in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of QuantumScape in a research note on Wednesday, October 8th. HSBC downgraded shares of QuantumScape from a "hold" rating to a "reduce" rating and lifted their target price for the stock from $5.30 to $10.50 in a research report on Wednesday, November 19th. TD Cowen boosted their target price on shares of QuantumScape from $5.00 to $16.00 and gave the stock a "hold" rating in a report on Thursday, October 30th. Finally, Hsbc Global Res raised shares of QuantumScape to a "moderate sell" rating in a research note on Wednesday, November 19th. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $9.17.
Check Out Our Latest Stock Analysis on QS
QuantumScape Company Profile
(
Get Free Report)
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.
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