Polestar Automotive Holding UK (NASDAQ:PSNY) Director Francesca Paola Leandr Gamboni Purchases 1,709 Shares of Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Francesca Paola Leandr Gamboni purchased 1,709 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of $17.56 per share, for a total transaction of $30,010.04. Following the completion of the transaction, the director directly owned 4,792 shares of the company’s stock, valued at $84,147.52. This represents a 55.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Polestar Automotive Holding UK Stock Up 0.5%

Shares of PSNY stock opened at $20.44 on Friday. The business’s fifty day moving average is $20.12 and its 200 day moving average is $52.17. 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 announced its quarterly earnings data on Friday, April 17th. The company reported ($12.47) EPS for the quarter. The business had revenue of $817.75 million during the quarter. Equities research analysts expect that Polestar Automotive Holding UK PLC will post -8.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on PSNY shares. 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. Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in Polestar Automotive Holding UK by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company’s stock worth $555,000 after acquiring an additional 57,717 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Polestar Automotive Holding UK during the first quarter valued at $62,000. Russell Investments Group Ltd. raised its position in shares of Polestar Automotive Holding UK by 45.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company’s stock worth $51,000 after purchasing an additional 14,877 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Polestar Automotive Holding UK by 26.7% in the 2nd quarter. Cresset Asset Management LLC now owns 83,504 shares of the company’s stock worth $89,000 after purchasing an additional 17,590 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Polestar Automotive Holding UK in the 2nd quarter worth about $326,000. 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.