Insider Buying: Polestar Automotive Holding UK (NASDAQ:PSNY) Director Acquires 1,709 Shares of Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Francesca Paola Leandr Gamboni bought 1,709 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price 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 $84,147.52. The trade was a 55.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Polestar Automotive Holding UK Trading Up 0.5%

Shares of PSNY stock traded up $0.11 during trading hours on Thursday, hitting $20.44. The company’s stock had a trading volume of 136,009 shares, compared to its average volume of 181,236. The business has a fifty day moving average of $20.07 and a 200-day moving average of $55.05. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -1.05 and a beta of 1.32. Polestar Automotive Holding UK PLC has a twelve month low of $11.75 and a twelve month high of $42.60.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen upgraded 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 note on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Several institutional investors have recently added to or reduced their stakes in the business. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Polestar Automotive Holding UK in the 4th quarter worth about $160,160,000. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Polestar Automotive Holding UK in the fourth quarter worth approximately $3,111,000. JPMorgan Chase & Co. grew its holdings in Polestar Automotive Holding UK by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 167,188 shares of the company’s stock valued at $157,000 after purchasing an additional 10,780 shares during the period. Rathbones Group PLC increased its position in Polestar Automotive Holding UK by 79.1% during the third quarter. Rathbones Group PLC now owns 45,285 shares of the company’s stock worth $43,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in Polestar Automotive Holding UK during the first quarter worth approximately $62,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.

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.