QuantumScape Co. (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 34,607 shares of the business's stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the sale, the chief financial officer now owns 1,073,022 shares of the company's stock, valued at approximately $5,890,890.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kevin Hettrich also recently made the following trade(s):
- On Thursday, September 12th, Kevin Hettrich sold 58,000 shares of QuantumScape stock. The stock was sold at an average price of $5.78, for a total value of $335,240.00.
QuantumScape Stock Up 4.2 %
NYSE QS opened at $5.64 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 1-year low of $4.67 and a 1-year high of $10.03. The company has a 50 day moving average of $5.73 and a 200-day moving average of $5.85. The company has a market cap of $2.85 billion, a price-to-earnings ratio of -5.93 and a beta of 4.58.
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QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.03). During the same quarter in the prior year, the business posted ($0.26) EPS. On average, equities research analysts expect that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.
Analyst Ratings Changes
QS has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on QuantumScape in a report on Thursday, September 5th. They set an "underperform" rating for the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Truist Financial restated a "hold" rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, QuantumScape has a consensus rating of "Hold" and a consensus price target of $6.14.
View Our Latest Research Report on QS
Institutional Investors Weigh In On QuantumScape
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 180 Wealth Advisors LLC raised its position in QuantumScape by 2.7% during the second quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company's stock valued at $392,000 after purchasing an additional 2,059 shares in the last quarter. CWM LLC raised its position in QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company's stock valued at $35,000 after purchasing an additional 2,556 shares in the last quarter. Carson Advisory Inc. raised its position in QuantumScape by 13.6% during the first quarter. Carson Advisory Inc. now owns 24,250 shares of the company's stock valued at $153,000 after purchasing an additional 2,900 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in QuantumScape by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company's stock valued at $413,000 after purchasing an additional 3,527 shares in the last quarter. Finally, Arizona State Retirement System raised its position in QuantumScape by 4.6% during the second quarter. Arizona State Retirement System now owns 98,800 shares of the company's stock valued at $486,000 after purchasing an additional 4,330 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.
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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