Insider Selling: Pony AI (NASDAQ:PONY) CFO Sells $94,331.86 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) CFO Haojun Wang sold 13,751 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 transaction of $94,331.86. Following the transaction, the chief financial officer owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pony AI Trading Up 1.3%

Shares of Pony AI stock traded up $0.09 during trading on Monday, reaching $6.96. The company’s stock had a trading volume of 5,563,234 shares, compared to its average volume of 4,469,357. The company has a 50-day moving average price of $9.23 and a two-hundred day moving average price of $12.01. The firm 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 fifty-two week low of $6.66 and a fifty-two week high of $24.92.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share 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 firm had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $22.30 million. On average, analysts predict that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PONY shares. BNP Paribas Exane began coverage on shares of Pony AI in a research note on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price for the company. Barclays reduced their price objective 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. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Pony AI in a research report on Tuesday, May 26th. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research note on Thursday, April 16th. Finally, Weiss Ratings lowered Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued 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 a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. TMT General Partner Ltd raised 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 purchasing an additional 5,024,721 shares in the last quarter. Aspex Management HK Ltd increased its position in Pony AI by 728.1% during the 3rd quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock worth $93,119,000 after purchasing an additional 3,640,447 shares during the period. Lingotto Investment Management LLP raised its stake in shares of Pony AI by 72.6% during the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock worth $59,559,000 after buying an additional 1,727,620 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Pony AI during the 3rd quarter worth approximately $89,174,000. Finally, Tiger Global Management LLC lifted its holdings 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 valued at $42,050,000 after buying an additional 2,530,000 shares during the period.

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.