Polestar Automotive Holding UK (NASDAQ:PSNY) Director Winfried Vahland Acquires 6,700 Shares

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Winfried Vahland acquired 6,700 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $19.72 per share, with a total value of $132,124.00. Following the completion of the transaction, the director owned 31,979 shares of the company’s stock, valued at approximately $630,625.88. This trade represents a 26.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Polestar Automotive Holding UK Price Performance

NASDAQ:PSNY opened at $18.87 on Thursday. Polestar Automotive Holding UK PLC has a fifty-two week low of $11.75 and a fifty-two week high of $42.60. The business’s 50-day simple moving average is $19.91 and its 200-day simple moving average is $123.41. The stock has a market capitalization of $1.76 billion, a PE ratio of -0.97 and a beta of 1.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Polestar Automotive Holding UK by 28,277.8% during the 1st 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 period. California State Teachers Retirement System boosted its holdings in shares of Polestar Automotive Holding UK by 184.5% in the first quarter. California State Teachers Retirement System now owns 46,546 shares of the company’s stock worth $857,000 after acquiring an additional 30,185 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Polestar Automotive Holding UK by 171.8% in 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. Swiss National Bank boosted its stake in Polestar Automotive Holding UK by 195.4% in the 1st quarter. Swiss National Bank now owns 88,893 shares of the company’s stock worth $1,637,000 after purchasing an additional 58,800 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in 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 worth $138,000 after purchasing an additional 3,194 shares during the period. Institutional investors own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PSNY shares. Wall Street Zen raised Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings raised Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Finally, Cantor Fitzgerald lowered Polestar Automotive Holding UK from a “neutral” rating to an “underweight” rating in a research note on Thursday, February 19th. One research 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 stock currently has a consensus rating of “Sell”.

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.