Pony AI (NASDAQ:PONY) VP Sells $88,217.50 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Luyi Mo sold 12,425 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $88,217.50. Following the transaction, the vice president owned 362,737 shares of the company’s stock, valued at $2,575,432.70. This represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Pony AI Stock Down 4.6%

PONY opened at $6.24 on Friday. The firm has a 50-day moving average price of $7.39 and a 200-day moving average price of $8.40. Pony AI Inc. – Sponsored ADR has a twelve month low of $6.11 and a twelve month high of $24.92. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -17.33 and a beta of 3.88.

Hedge Funds Weigh In On Pony AI

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of Pony AI during the 1st quarter valued at about $30,000. First Trust Advisors LP lifted its position in Pony AI by 32.3% in the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock worth $125,000 after buying an additional 3,236 shares during the last quarter. IFP Advisors Inc lifted its position in Pony AI by 784.6% in the 4th quarter. IFP Advisors Inc now owns 6,051 shares of the company’s stock worth $88,000 after buying an additional 5,367 shares during the last quarter. Nykredit A S purchased a new stake in Pony AI in the second quarter worth approximately $74,000. Finally, Havemeyer Place LP purchased a new stake in Pony AI in the fourth quarter worth approximately $171,000.

Analyst Upgrades and Downgrades

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

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.