Key Points
- QuantumScape CFO Kevin Hettrich sold 9,800 shares on May 21 at an average price of $8.06, totaling $78,988. After the sale, he still owned 1,833,902 shares.
- The company recently reported narrower-than-expected losses, posting EPS of -$0.16 versus the -$0.18 consensus estimate for the quarter. Analysts now expect QuantumScape to lose $0.82 per share for the full fiscal year.
- Wall Street remains cautious on QS, with six Hold ratings and one Sell rating, giving the stock a consensus “Reduce” rating and a $11.13 average price target.
QuantumScape Corporation (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 9,800 shares of QuantumScape stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $8.06, for a total value of $78,988.00. Following the sale, the chief financial officer owned 1,833,902 shares in the company, valued at $14,781,250.12. This represents a 0.53% decrease in their ownership of the stock. The transaction 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 Thursday, April 2nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $6.20, for a total value of $60,760.00.
- 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.
QuantumScape Price Performance
QS stock opened at $8.20 on Friday. 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 $3.87 and a 52-week high of $19.07. The stock's 50 day moving average is $7.08 and its two-hundred day moving average is $9.37. The company has a market capitalization of $5.04 billion, a PE ratio of -10.12 and a beta of 2.57.
QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. During the same period in the previous year, the company earned ($0.21) EPS. Analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on QS. Robert W. Baird set a $12.00 price target on QuantumScape in a report on Thursday, February 12th. Morgan Stanley lowered their price target on QuantumScape from $12.00 to $8.50 and set an "equal weight" rating for the company in a report on Wednesday, February 18th. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and lowered their price target for the company from $10.50 to $8.30 in a report on Wednesday, February 18th. Finally, TD Cowen reiterated a "hold" rating on shares of QuantumScape in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $11.13.
View Our Latest Stock Report on QS
Institutional Investors Weigh In On QuantumScape
Institutional investors have recently made changes to their positions in the company. Tsfg LLC increased its holdings in shares of QuantumScape by 233.3% in the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company's stock valued at $25,000 after acquiring an additional 1,400 shares during the last quarter. REAP Financial Group LLC grew its stake in QuantumScape by 300.0% during the 3rd quarter. REAP Financial Group LLC now owns 2,000 shares of the company's stock worth $25,000 after buying an additional 1,500 shares during the last quarter. VSM Wealth Advisory LLC grew its stake 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 buying an additional 750 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in QuantumScape during the 4th quarter worth $25,000. Finally, Wilmington Savings Fund Society FSB grew its stake in QuantumScape by 67.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company's stock worth $31,000 after buying an additional 1,005 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors.
About QuantumScape
(
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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