QuantumScape Co. (NYSE:QS - Get Free Report) CFO Kevin Hettrich sold 29,667 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.10, for a total value of $151,301.70. Following the completion of the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,224,057.50. The trade was a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Kevin Hettrich also recently made the following trade(s):
- On Thursday, November 21st, Kevin Hettrich sold 55,647 shares of QuantumScape stock. The shares were sold at an average price of $5.05, for a total transaction of $281,017.35.
- On Wednesday, October 9th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43.
- On Thursday, September 12th, Kevin Hettrich sold 58,000 shares of QuantumScape stock. The shares were sold at an average price of $5.78, for a total value of $335,240.00.
QuantumScape Stock Up 4.8 %
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QS opened at $5.24 on Tuesday. The company's 50-day moving average price is $5.27 and its two-hundred day moving average price is $5.70. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a twelve month low of $4.65 and a twelve month high of $10.03. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -5.75 and a beta of 4.50.
QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the company earned ($0.23) earnings per share. As a group, equities analysts expect that QuantumScape Co. will post -0.99 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on QS. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Truist Financial reiterated a "hold" rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target on the stock in a research report on Tuesday, November 19th. Wolfe Research assumed coverage on shares of QuantumScape in a research report on Thursday, September 5th. They issued an "underperform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.26.
Get Our Latest Research Report on QuantumScape
Institutional Investors Weigh In On QuantumScape
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QS. CWM LLC grew its stake in QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company's stock valued at $35,000 after buying an additional 2,556 shares in the last quarter. SG Americas Securities LLC grew its position in shares of QuantumScape by 49.0% in the second quarter. SG Americas Securities LLC now owns 111,989 shares of the company's stock valued at $551,000 after purchasing an additional 36,831 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in shares of QuantumScape by 2.7% during the 2nd 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 during the period. Alaska Wealth Advisors purchased a new stake in QuantumScape during the 2nd quarter worth about $49,000. Finally, Private Advisory Group LLC boosted its stake in QuantumScape by 7.2% in the 2nd quarter. Private Advisory Group LLC now owns 570,704 shares of the company's stock worth $2,808,000 after purchasing an additional 38,477 shares during the period. 29.87% of the stock is currently owned by institutional investors.
QuantumScape Company Profile
(
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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