QuantumScape Co. (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 53,975 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $282,289.25. Following the completion of the sale, the chief financial officer now owns 930,800 shares of the company's stock, valued at approximately $4,868,084. The trade was a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kevin Hettrich also recently made the following trade(s):
- On Monday, January 27th, Kevin Hettrich sold 36,949 shares of QuantumScape stock. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94.
- On Thursday, December 5th, Kevin Hettrich sold 29,667 shares of QuantumScape stock. The stock was sold at an average price of $5.10, for a total transaction of $151,301.70.
QuantumScape Trading Down 0.3 %
QuantumScape stock traded down $0.02 during trading on Tuesday, hitting $4.99. The company had a trading volume of 11,265,546 shares, compared to its average volume of 15,639,959. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -5.30 and a beta of 4.45. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $9.52. The company's 50 day simple moving average is $5.30 and its 200-day simple moving average is $5.39.
QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). As a group, analysts expect that QuantumScape Co. will post -0.82 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on QS shares. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. Evercore ISI reiterated a "hold" rating on shares of QuantumScape in a research report on Tuesday. Hsbc Global Res raised QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Finally, Truist Financial decreased their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, QuantumScape has an average rating of "Hold" and a consensus price target of $6.06.
Check Out Our Latest Stock Analysis on QS
Institutional Trading of QuantumScape
A number of institutional investors and hedge funds have recently bought and sold shares of QS. Signaturefd LLC increased its stake in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after buying an additional 2,148 shares during the period. International Assets Investment Management LLC grew its stake in shares of QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after acquiring an additional 4,228 shares in the last quarter. PFG Investments LLC increased its position in shares of QuantumScape by 29.8% during the third quarter. PFG Investments LLC now owns 20,415 shares of the company's stock worth $117,000 after acquiring an additional 4,688 shares during the period. Nisa Investment Advisors LLC increased its position in shares of QuantumScape by 6,650.0% during the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock worth $776,000 after acquiring an additional 133,000 shares during the period. Finally, Pinnacle Associates Ltd. raised its stake in shares of QuantumScape by 137.2% in the third quarter. Pinnacle Associates Ltd. now owns 28,350 shares of the company's stock valued at $163,000 after acquiring an additional 16,400 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.
About QuantumScape
(
Get Free Report)
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.
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