Insider Selling: Pony AI (NASDAQ:PONY) VP Sells $119,000.42 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Ning Zhang sold 17,347 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $119,000.42. Following the transaction, the vice president owned 630,109 shares of the company’s stock, valued at $4,322,547.74. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pony AI Price Performance

Shares of NASDAQ:PONY opened at $7.29 on Thursday. Pony AI Inc. – Sponsored ADR has a fifty-two week low of $6.66 and a fifty-two week high of $24.92. The business’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $11.85. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -20.25 and a beta of 4.05.

Pony AI (NASDAQ:PONY) last announced its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. The business had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $22.30 million. Research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.

Institutional Trading of Pony AI

Several hedge funds have recently modified their holdings of PONY. ARK Investment Management LLC acquired a new position in Pony AI during the 3rd quarter worth $28,623,000. Carrhae Capital LLP acquired a new stake in shares of Pony AI in the 3rd quarter valued at $6,686,000. Ghisallo Capital Management LLC bought a new stake in shares of Pony AI during the third quarter worth $53,076,000. Flight Deck Capital LP raised its position in shares of Pony AI by 65.9% during the third quarter. Flight Deck Capital LP now owns 672,600 shares of the company’s stock worth $15,127,000 after acquiring an additional 267,200 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Pony AI by 266.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,974,499 shares of the company’s stock valued at $28,630,000 after acquiring an additional 1,435,358 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PONY shares. The Goldman Sachs Group set a $30.00 target price on shares of Pony AI in a research note on Thursday, April 16th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 price target on shares of Pony AI in a report on Tuesday, May 26th. BNP Paribas Exane assumed coverage on Pony AI in a research report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 price objective for the company. Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Barclays decreased their target price on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.95.

Pony AI Company Profile

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.