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

QuantumScape Corporation (NYSE:QS) CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $7.94, for a total value of $77,812.00. Following the completion of the transaction, the chief financial officer owned 1,826,057 shares of the company’s stock, valued at $14,498,892.58. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 value of $78,988.00.
• On Thursday, April 2nd, Kevin Hettrich sold 9,800 shares of QuantumScape stock. The shares were sold at an average price of $6.20, for a total value of $60,760.00.

QuantumScape Stock Performance

QuantumScape stock opened at $7.12 on Thursday. The business has a 50 day moving average of $7.74 and a 200-day moving average of $8.43. The company has a market capitalization of $4.38 billion, a P/E ratio of -8.79 and a beta of 2.60. QuantumScape Corporation has a 1 year low of $5.31 and a 1 year high of $19.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same quarter in the prior year, the business earned ($0.21) EPS. On average, equities research analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new stake in shares of QuantumScape in the 4th quarter valued at about $25,000. Russell Investments Group Ltd. raised its position 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 acquiring an additional 3,311 shares during the last quarter. VSM Wealth Advisory LLC lifted its stake in shares of QuantumScape by 46.8% in the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock worth $29,000 after acquiring an additional 750 shares during the period. Albion Financial Group UT lifted 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 acquiring an additional 2,000 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in QuantumScape by 373.6% in the fourth quarter. CoreCap Advisors LLC now owns 3,893 shares of the company’s stock valued at $41,000 after acquiring an additional 3,071 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

About QuantumScape

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.