Polestar Automotive Holding UK (NASDAQ:PSNY) Director Cynthia Dubin Purchases 1,275 Shares of Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Cynthia Dubin bought 1,275 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were acquired at an average cost of $20.72 per share, for a total transaction of $26,418.00. Following the completion of the transaction, the director owned 3,195 shares of the company’s stock, valued at approximately $66,200.40. The trade was a 66.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Polestar Automotive Holding UK Stock Down 2.0%

PSNY stock opened at $20.03 on Tuesday. The stock’s 50 day moving average is $20.22 and its two-hundred day moving average is $46.92. Polestar Automotive Holding UK PLC has a 52-week low of $11.75 and a 52-week high of $42.60. The company has a market capitalization of $1.87 billion, a PE ratio of -1.03 and a beta of 1.32.

Polestar Automotive Holding UK (NASDAQ:PSNY) last released its quarterly earnings results on Friday, April 17th. The company reported ($12.47) earnings per share for the quarter. The firm had revenue of $817.75 million for the quarter. As a group, sell-side analysts anticipate that Polestar Automotive Holding UK PLC will post -8.08 EPS for the current year.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Polestar Automotive Holding UK by 28,277.8% during the first 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 last quarter. California State Teachers Retirement System lifted its position in Polestar Automotive Holding UK by 184.5% in the 1st quarter. California State Teachers Retirement System now owns 46,546 shares of the company’s stock valued at $857,000 after purchasing an additional 30,185 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position 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 valued at $184,000 after purchasing an additional 6,300 shares during the last quarter. Swiss National Bank boosted its stake in Polestar Automotive Holding UK by 195.4% during the 1st quarter. Swiss National Bank now owns 88,893 shares of the company’s stock valued at $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% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,465 shares of the company’s stock valued at $138,000 after purchasing an additional 3,194 shares during the period. Institutional investors and hedge funds own 1.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to 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.