QuantumScape Co. (NYSE:QS – Get Rating) CFO Kevin Hettrich sold 56,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $11.81, for a total value of $666,520.97. Following the sale, the chief financial officer now directly owns 475,958 shares in the company, valued at approximately $5,621,063.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Kevin Hettrich also recently made the following trade(s):
- On Friday, July 8th, Kevin Hettrich sold 36,133 shares of QuantumScape stock. The stock was sold at an average price of $10.06, for a total transaction of $363,497.98.
- On Wednesday, June 1st, Kevin Hettrich sold 46,285 shares of QuantumScape stock. The stock was sold at an average price of $12.25, for a total transaction of $566,991.25.
- On Tuesday, May 17th, Kevin Hettrich sold 46,285 shares of QuantumScape stock. The stock was sold at an average price of $11.81, for a total transaction of $546,625.85.
QuantumScape Stock Up 8.0 %
QS stock opened at $13.63 on Friday. The company has a current ratio of 32.11, a quick ratio of 32.11 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 1 year low of $8.22 and a 1 year high of $43.08. The company has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $13.77. The firm has a market cap of $5.90 billion, a PE ratio of -18.93 and a beta of 6.76.
QuantumScape (NYSE:QS – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.03). During the same quarter last year, the business earned ($0.44) EPS. The business’s revenue was up NaN% on a year-over-year basis. Sell-side analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
QS has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on shares of QuantumScape from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of QuantumScape from $20.00 to $13.00 in a report on Thursday, July 28th. Finally, Morgan Stanley lowered their price target on shares of QuantumScape from $30.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, QuantumScape has an average rating of “Hold” and a consensus target price of $17.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Westwood Wealth Management acquired a new position in QuantumScape during the 1st quarter worth $219,000. CarsonAllaria Wealth Management Ltd. acquired a new position in QuantumScape during the 4th quarter worth $25,000. Atticus Wealth Management LLC acquired a new position in shares of QuantumScape during the first quarter valued at about $27,000. HHM Wealth Advisors LLC raised its position in shares of QuantumScape by 148.2% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,365 shares of the company’s stock valued at $30,000 after buying an additional 815 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of QuantumScape by 103.6% during the first quarter. Fifth Third Bancorp now owns 1,425 shares of the company’s stock valued at $28,000 after buying an additional 725 shares during the last quarter. Institutional investors and hedge funds own 25.68% of the company’s stock.
QuantumScape Company Profile
QuantumScape Corporation, a 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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