Kevin Hettrich Sells 9,800 Shares of QuantumScape (NYSE:QS) Stock

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $7.28, for a total value of $71,344.00. Following the transaction, the chief financial officer directly owned 1,816,257 shares of the company’s stock, valued at approximately $13,222,350.96. The trade was a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, June 22nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $7.94, for a total transaction of $77,812.00.
• On Thursday, May 21st, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The stock was sold at an average price of $8.06, for a total transaction of $78,988.00.

QuantumScape Trading Down 2.4%

NYSE QS opened at $6.63 on Thursday. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a twelve month low of $5.90 and a twelve month high of $19.07. The company has a market cap of $4.08 billion, a price-to-earnings ratio of -8.19 and a beta of 2.61. The business’s fifty day moving average is $7.75 and its 200 day moving average is $8.10.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same period last year, the firm posted ($0.21) earnings per share. As a group, sell-side analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in QuantumScape in the 4th quarter valued at approximately $25,000. Russell Investments Group Ltd. lifted its holdings in shares of QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after purchasing an additional 3,311 shares during the period. Albion Financial Group UT grew its stake in shares of QuantumScape by 200.0% in the fourth quarter. Albion Financial Group UT now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,000 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of QuantumScape by 373.6% in the fourth quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock worth $41,000 after purchasing an additional 3,071 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in QuantumScape in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Company Profile

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.