Pony AI (NASDAQ:PONY) VP Ning Zhang Sells 17,347 Shares of Stock

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

Pony AI Price Performance

Shares of NASDAQ:PONY opened at $6.96 on Tuesday. The company’s fifty day moving average price is $9.15 and its 200-day moving average price is $11.96. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -19.33 and a beta of 3.85. Pony AI Inc. – Sponsored ADR has a one year low of $6.66 and a one year high of $24.92.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. As a group, equities research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current year.

Institutional Trading of Pony AI

Several hedge funds have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise increased its stake in Pony AI by 71.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in shares of Pony AI by 0.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 229,732 shares of the company’s stock valued at $3,330,000 after purchasing an additional 1,539 shares during the period. Money Concepts Capital Corp boosted its stake in shares of Pony AI by 2.1% during the fourth quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after purchasing an additional 1,881 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Pony AI in the third quarter worth approximately $50,000. Finally, LPL Financial LLC grew its holdings in shares of Pony AI by 14.4% in the fourth quarter. LPL Financial LLC now owns 18,674 shares of the company’s stock worth $271,000 after purchasing an additional 2,353 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays dropped their price target on Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. BNP Paribas Exane assumed coverage on Pony AI in a research report on Thursday, March 26th. They set a “neutral” rating and a $12.50 price objective on the stock. Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Finally, The Goldman Sachs Group set a $30.00 target price on Pony AI in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Pony AI has a consensus rating of “Moderate Buy” and an average price target of $19.95.

About Pony AI

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.