Key Points
- Insider sale: Scott Fraser Dicken sold 895 shares at an average price of $17.68 for $15,823.60 on April 27 to cover tax withholding from vested equity, reducing his holdings by 48.22% to 961 shares (disclosed in an SEC filing).
- Stock and valuation snapshot: PSNY opened at $17.90 with a market cap of $1.28 billion, a negative P/E of -0.92, a 50-day average of $18.40, and a 1‑year range of $11.75 to $42.60.
- Market sentiment: Analysts’ consensus is a "Sell" (one Hold, two Sell), while several institutions have recently adjusted positions, including Pictet increasing its stake and BBVA acquiring a large position.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) insider Scott Fraser Dicken sold 895 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $17.68, for a total transaction of $15,823.60. Following the sale, the insider owned 961 shares in the company, valued at $16,990.48. This represents a 48.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Polestar Automotive Holding UK Trading Down 0.9%
NASDAQ PSNY opened at $17.90 on Thursday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -0.92 and a beta of 1.29. The firm's 50 day simple moving average is $18.40 and its 200 day simple moving average is $243.38. Polestar Automotive Holding UK PLC has a 1 year low of $11.75 and a 1 year high of $42.60.
Hedge Funds Weigh In On Polestar Automotive Holding UK
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its stake 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 purchasing an additional 3,194 shares during the last quarter. SmartHarvest Portfolios LLC bought a new stake in shares of Polestar Automotive Holding UK in the 1st quarter valued at $186,000. Alpine Global Management LLC bought a new stake in shares of Polestar Automotive Holding UK in the 4th quarter valued at $219,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Polestar Automotive Holding UK in the 4th quarter valued at $160,160,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Polestar Automotive Holding UK in the 4th quarter valued at $522,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on PSNY. Cantor Fitzgerald cut shares of Polestar Automotive Holding UK from a "neutral" rating to an "underweight" rating in a research report on Thursday, February 19th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Polestar Automotive Holding UK in a research report on Friday, March 27th. Zacks Research upgraded shares of Polestar Automotive Holding UK from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".
Check Out Our Latest Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Company Profile
(
Get Free Report)
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.
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