Insider Selling: QuantumScape Co. (NYSE:QS) CFO Sells 36,949 Shares of Stock

QuantumScape Co. (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 36,949 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the sale, the chief financial officer now owns 1,024,325 shares in the company, valued at $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Kevin Hettrich also recently made the following trade(s):

• On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The shares were sold at an average price of $5.10, for a total value of $151,301.70.
• On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35.

QuantumScape Trading Down 0.5 %

Shares of QS stock traded down $0.03 on Friday, hitting $5.18. 16,979,060 shares of the company's stock traded hands, compared to its average volume of 15,179,653. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -5.45 and a beta of 4.46. The company's fifty day simple moving average is $5.29 and its 200 day simple moving average is $5.61. QuantumScape Co. has a one year low of $4.65 and a one year high of $9.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

Analysts Set New Price Targets

A number of brokerages have weighed in on QS. Truist Financial reaffirmed a "hold" rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Finally, HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price on the stock in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Atlas Legacy Advisors LLC bought a new position in shares of QuantumScape in the fourth quarter worth approximately $53,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in QuantumScape in the 4th quarter worth $57,000. Sanctuary Advisors LLC increased its position in shares of QuantumScape by 4.0% in the fourth quarter. Sanctuary Advisors LLC now owns 168,256 shares of the company's stock valued at $875,000 after acquiring an additional 6,475 shares during the period. Van ECK Associates Corp raised its stake in shares of QuantumScape by 9.1% during the fourth quarter. Van ECK Associates Corp now owns 132,885 shares of the company's stock valued at $690,000 after acquiring an additional 11,050 shares during the last quarter. Finally, Essex Financial Services Inc. purchased a new stake in shares of QuantumScape during the fourth quarter worth about $54,000. 29.87% of the stock is owned by institutional investors.

QuantumScape Company Profile

QuantumScape Corporation, a research and 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.