Polestar Automotive Holding UK (NASDAQ:PSNY) Insider Scott Fraser Dicken Sells 895 Shares

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) insider Scott Fraser Dicken sold 895 shares of Polestar Automotive Holding UK stock in a transaction on Monday, April 27th. The shares were sold at an average price of $17.68, for a total transaction of $15,823.60. Following the completion of the sale, the insider owned 961 shares in the company, valued at $16,990.48. The trade was a 48.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Polestar Automotive Holding UK Trading Down 0.9%

Shares of PSNY stock opened at $17.90 on Thursday. Polestar Automotive Holding UK PLC has a 1 year low of $11.75 and a 1 year high of $42.60. The firm’s fifty day moving average price is $18.40 and its two-hundred day moving average price is $243.38. The firm has a market capitalization of $1.28 billion, a P/E ratio of -0.92 and a beta of 1.29.

Analysts Set New Price Targets

A number of research analysts have recently commented on PSNY shares. Cantor Fitzgerald downgraded shares of Polestar Automotive Holding UK from a “neutral” rating to an “underweight” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Polestar Automotive Holding UK in a report on Friday, March 27th. Wall Street Zen raised shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised shares of Polestar Automotive Holding UK from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Polestar Automotive Holding UK

A number of institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA raised its position 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 buying an additional 3,194 shares in the last quarter. SmartHarvest Portfolios LLC acquired a new stake in shares of Polestar Automotive Holding UK during the 1st quarter worth approximately $186,000. Alpine Global Management LLC acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $219,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $160,160,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $522,000. 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.