Key Points
- Kevin Hettrich, QuantumScape's CFO, sold 9,800 shares on Feb. 23 at an average price of $6.76 for $66,248, trimming his stake to 1,358,079 shares (a 0.72% reduction); he also sold 9,800 shares in January and December at roughly $10.59 and $11.07, respectively.
- QuantumScape is trading below its 50- and 200-day moving averages (last at $7.12 vs. $9.66 and $11.44), reported a quarterly EPS miss (-$0.17 vs. -$0.16), and carries mixed analyst sentiment with an average target of about $8.98.
QuantumScape Corporation (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $6.76, for a total value of $66,248.00. Following the completion of the sale, the chief financial officer directly owned 1,358,079 shares in the company, valued at $9,180,614.04. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kevin Hettrich also recently made the following trade(s):
- On Wednesday, January 14th, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $10.59, for a total transaction of $103,782.00.
- 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 transaction of $108,486.00.
QuantumScape Stock Performance
NYSE QS traded up $0.09 on Thursday, hitting $7.12. The stock had a trading volume of 5,824,665 shares, compared to its average volume of 15,448,109. The company's 50-day moving average is $9.66 and its two-hundred day moving average is $11.44. QuantumScape Corporation has a one year low of $3.40 and a one year high of $19.07. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of -8.78 and a beta of 2.52. 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 (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.01). During the same period last year, the company earned ($0.22) earnings per share. QuantumScape's revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Robert W. Baird set a $12.00 price target on shares of QuantumScape in a research report on Thursday, February 12th. Morgan Stanley decreased their target price on shares of QuantumScape from $12.00 to $8.50 and set an "equal weight" rating for the company in a report on Wednesday, February 18th. TD Cowen reissued a "hold" rating on shares of QuantumScape in a research report on Wednesday, February 18th. Evercore restated an "in-line" rating and issued a $12.00 price target (up from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Finally, HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and lowered their price objective for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $8.98.
Check Out Our Latest Stock Analysis on QuantumScape
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Tsfg LLC boosted its holdings in QuantumScape by 233.3% in the third quarter. Tsfg LLC now owns 2,000 shares of the company's stock worth $25,000 after purchasing an additional 1,400 shares in the last quarter. REAP Financial Group LLC grew its holdings in QuantumScape by 300.0% during the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company's stock valued at $25,000 after purchasing an additional 1,500 shares during the last quarter. Global Retirement Partners LLC grew its stake in QuantumScape by 538.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,312 shares of the company's stock valued at $28,000 after buying an additional 1,950 shares during the last quarter. VSM Wealth Advisory LLC lifted its position in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company's stock worth $29,000 after acquiring an additional 750 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of QuantumScape in the fourth quarter worth about $25,000. Institutional investors own 29.87% of the company's stock.
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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