Key Points
- CFO Kevin Hettrich sold 9,800 shares of QuantumScape on April 2 at an average price of $6.20 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 0.72% to 1,357,918 shares (≈ $8.42M).
- This sale continues a pattern of scheduled insider dispositions—Hettrich sold 9,800 shares on Feb. 23 (avg $6.76) and 9,800 shares on Jan. 14 (avg $10.59).
- QuantumScape trades near $6.36 with a one‑year range of $3.40–$19.07, a ~$3.9B market cap, negative EPS, and an analyst consensus of "Reduce" with an average target of $8.98.
QuantumScape Corporation (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $6.20, for a total value of $60,760.00. Following the completion of the transaction, the chief financial officer directly owned 1,357,918 shares in the company, valued at $8,419,091.60. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kevin Hettrich also recently made the following trade(s):
- On Monday, February 23rd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $6.76, for a total value of $66,248.00.
- 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 value of $103,782.00.
QuantumScape Stock Performance
QS opened at $6.36 on Friday. QuantumScape Corporation has a one year low of $3.40 and a one year high of $19.07. The company has a market cap of $3.90 billion, a P/E ratio of -7.85 and a beta of 2.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The business's 50-day simple moving average is $7.44 and its 200-day simple moving average is $11.08.
QuantumScape (NYSE:QS - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The business's revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) earnings per share. As a group, equities research analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.
Analysts Set New Price Targets
QS has been the subject of several recent analyst reports. HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and reduced their price objective for the stock from $10.50 to $8.30 in a research report on Wednesday, February 18th. Morgan Stanley cut their price target on shares of QuantumScape from $12.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Wednesday, February 18th. TD Cowen reissued a "hold" rating on shares of QuantumScape in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $12.00 price objective on shares of QuantumScape in a research note on Thursday, February 12th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, QuantumScape presently has an average rating of "Reduce" and a consensus target price of $8.98.
Get Our Latest Stock Report on QS
Institutional Investors Weigh In On QuantumScape
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of QuantumScape by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company's stock worth $426,793,000 after purchasing an additional 4,323,829 shares during the period. Morgan Stanley increased its stake in QuantumScape by 333.5% in the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company's stock valued at $115,938,000 after buying an additional 8,559,554 shares during the period. Geode Capital Management LLC increased its stake in QuantumScape by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company's stock valued at $86,794,000 after buying an additional 1,189,748 shares during the period. Renaissance Technologies LLC acquired a new position in QuantumScape in the 4th quarter valued at $84,584,000. Finally, State Street Corp raised its position in QuantumScape by 7.6% during the 4th quarter. State Street Corp now owns 7,500,503 shares of the company's stock worth $78,155,000 after buying an additional 529,602 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company's stock.
QuantumScape Company Profile
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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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