Pony AI (NASDAQ:PONY) CFO Sells 13,751 Shares of Company Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) CFO Haojun Wang sold 13,751 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $97,632.10. Following the sale, the chief financial officer owned 1,463,466 shares of the company’s stock, valued at approximately $10,390,608.60. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Pony AI Stock Performance

Pony AI stock traded down $0.40 during midday trading on Tuesday, hitting $6.54. 5,006,938 shares of the company’s stock were exchanged, compared to its average volume of 4,218,757. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -18.17 and a beta of 3.87. Pony AI Inc. – Sponsored ADR has a 12-month low of $6.36 and a 12-month high of $24.92. The firm’s 50 day simple moving average is $7.42 and its 200 day simple moving average is $8.52.

Analyst Ratings Changes

PONY has been the topic of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Pony AI in a report on Tuesday, September 8th. BNP Paribas Exane raised Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th. Bank of America lowered their target price on Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.57.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. TMT General Partner Ltd grew its position 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. Lingotto Investment Management LLP lifted its position 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 valued at $59,559,000 after acquiring an additional 1,727,620 shares during the period. Amova Asset Management Americas Inc. lifted its position in shares of Pony AI by 266.2% during the 4th quarter. Amova Asset Management Americas 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. Keystone Investors PTE Ltd. boosted its stake in shares of Pony AI by 202.0% during the 4th quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company’s stock worth $9,696,000 after acquiring an additional 447,250 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Pony AI during the 1st quarter worth approximately $3,144,000.

About Pony AI

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.