Winfried Vahland Buys 6,000 Shares of Polestar Automotive Holding UK (NASDAQ:PSNY) Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Winfried Vahland purchased 6,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were bought at an average cost of $16.95 per share, with a total value of $101,700.00. Following the purchase, the director directly owned 37,979 shares of the company’s stock, valued at approximately $643,744.05. This represents a 18.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Winfried Vahland also recently made the following trade(s):

• On Monday, June 1st, Winfried Vahland acquired 6,700 shares of Polestar Automotive Holding UK stock. The stock was purchased at an average cost of $19.72 per share, for a total transaction of $132,124.00.

Polestar Automotive Holding UK Stock Up 0.5%

PSNY opened at $20.44 on Friday. The stock’s fifty day moving average is $20.12 and its two-hundred day moving average is $52.17. The company 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 PLC has a 52 week low of $11.75 and a 52 week high of $42.60.

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

Analyst Upgrades and Downgrades

PSNY has been the topic of several recent research reports. Weiss Ratings upgraded shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. 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. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Institutional investors have recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at approximately $160,160,000. UBS Group AG increased its stake in Polestar Automotive Holding UK by 22.6% during the 3rd quarter. UBS Group AG now owns 2,409,258 shares of the company’s stock valued at $2,265,000 after purchasing an additional 443,359 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Polestar Automotive Holding UK during the 2nd quarter valued at approximately $326,000. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth $3,111,000. Finally, Bank of America Corp DE lifted its stake in shares of Polestar Automotive Holding UK by 128.7% during the third quarter. Bank of America Corp DE now owns 164,594 shares of the company’s stock worth $155,000 after buying an additional 92,621 shares during the period. Institutional investors own 1.02% of the company’s stock.

About Polestar Automotive Holding UK

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.