Pony AI (NASDAQ:PONY) VP Luyi Mo Sells 14,460 Shares

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Luyi Mo sold 14,460 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $99,195.60. Following the sale, the vice president directly owned 350,156 shares of the company’s stock, valued at $2,402,070.16. This represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Pony AI Trading Up 1.3%

NASDAQ PONY opened at $6.96 on Tuesday. The stock has a market cap of $2.68 billion, a PE ratio of -19.33 and a beta of 3.85. Pony AI Inc. – Sponsored ADR has a 12 month low of $6.66 and a 12 month high of $24.92. The company’s 50-day moving average price is $9.15 and its 200-day moving average price is $11.96.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. The company had revenue of $34.25 million during the quarter, compared to analyst estimates of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. As a group, sell-side analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.

Analyst Ratings Changes

PONY has been the topic of several research reports. The Goldman Sachs Group set a $30.00 price objective on Pony AI in a report on Thursday, April 16th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th. Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Barclays cut their price target on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. Finally, HSBC began coverage on Pony AI in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Hedge Funds Weigh In On Pony AI

A number of large investors have recently bought and sold shares of PONY. TMT General Partner Ltd lifted its holdings in Pony AI by 262.1% during the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after buying an additional 5,024,721 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Pony AI in the 3rd quarter valued at $89,174,000. Aspex Management HK Ltd increased its holdings in shares of Pony AI by 728.1% in the 3rd quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock valued at $93,119,000 after acquiring an additional 3,640,447 shares during the period. Tiger Global Management LLC raised its position in shares of Pony AI by 683.8% in the 4th quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock worth $42,050,000 after acquiring an additional 2,530,000 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in shares of Pony AI in the 3rd quarter worth $53,076,000.

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.