Insider Buying: Polestar Automotive Holding UK (NASDAQ:PSNY) Director Purchases $30,010.04 in Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Francesca Paola Leandr Gamboni acquired 1,709 shares of the stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $17.56 per share, with a total value of $30,010.04. Following the transaction, the director owned 4,792 shares of the company’s stock, valued at approximately $84,147.52. This trade represents a 55.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Polestar Automotive Holding UK Stock Performance

Polestar Automotive Holding UK stock opened at $20.44 on Friday. The stock has a fifty day moving average price of $20.16 and a 200 day moving average price of $51.94. Polestar Automotive Holding UK PLC has a 52 week low of $11.75 and a 52 week high of $42.60. The firm has a market capitalization of $1.91 billion, a P/E ratio of -1.05 and a beta of 1.32.

Polestar Automotive Holding UK (NASDAQ:PSNY) last issued its quarterly earnings results on Friday, April 17th. The company reported ($12.47) earnings per share (EPS) for the quarter. The business had revenue of $817.75 million during the quarter. As a group, equities analysts predict that Polestar Automotive Holding UK PLC will post -8.08 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PSNY. Wall Street Zen raised shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings raised shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Polestar Automotive Holding UK

A number of institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Polestar Automotive Holding UK by 28,277.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,554 shares of the company’s stock worth $47,000 after acquiring an additional 2,545 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Polestar Automotive Holding UK by 74.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,465 shares of the company’s stock valued at $138,000 after purchasing an additional 3,194 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Polestar Automotive Holding UK by 171.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,966 shares of the company’s stock worth $184,000 after purchasing an additional 6,300 shares during the period. SmartHarvest Portfolios LLC purchased a new stake in shares of Polestar Automotive Holding UK during the 1st quarter worth about $186,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth about $219,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.