QuantumScape Co. (NYSE:QS – Get Free Report) CFO Kevin Hettrich sold 3,300 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $5.01, for a total transaction of $16,533.00. Following the completion of the sale, the chief financial officer now directly owns 1,148,521 shares of the company’s stock, valued at approximately $5,754,090.21. The transaction 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, May 20th, Kevin Hettrich sold 45,848 shares of QuantumScape stock. The stock was sold at an average price of $5.61, for a total transaction of $257,207.28.
- On Monday, April 8th, Kevin Hettrich sold 34,607 shares of QuantumScape stock. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98.
QuantumScape Price Performance
QS stock opened at $4.90 on Thursday. QuantumScape Co. has a 52 week low of $4.76 and a 52 week high of $13.86. The firm’s 50-day moving average is $5.51 and its two-hundred day moving average is $6.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38.
Analyst Ratings Changes
QS has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Monday, April 22nd. UBS Group decreased their price objective on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, QuantumScape presently has an average rating of “Hold” and an average target price of $6.67.
Read Our Latest Research Report on QS
Hedge Funds Weigh In On QuantumScape
Several hedge funds have recently made changes to their positions in the business. Westwood Holdings Group Inc. purchased a new position in shares of QuantumScape in the first quarter worth approximately $82,000. DekaBank Deutsche Girozentrale purchased a new position in shares of QuantumScape in the first quarter worth approximately $1,002,000. Tidal Investments LLC increased its position in shares of QuantumScape by 202.0% in the first quarter. Tidal Investments LLC now owns 137,755 shares of the company’s stock worth $866,000 after acquiring an additional 92,142 shares in the last quarter. California State Teachers Retirement System increased its position in shares of QuantumScape by 2.3% in the first quarter. California State Teachers Retirement System now owns 344,306 shares of the company’s stock worth $2,166,000 after acquiring an additional 7,585 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of QuantumScape by 1.4% in the first quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company’s stock worth $11,482,000 after acquiring an additional 25,347 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.
About QuantumScape
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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