Insider Selling: Pony AI (NASDAQ:PONY) CFO Sells 13,751 Shares

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $94,331.86. Following the completion of the transaction, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. The trade was a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Pony AI Price Performance

Shares of Pony AI stock traded up $0.09 on Monday, reaching $6.96. 5,563,234 shares of the company were exchanged, compared to its average volume of 4,469,357. The stock’s 50 day moving average price is $9.23 and its 200-day moving average price is $12.01. Pony AI Inc. – Sponsored ADR has a 1-year low of $6.66 and a 1-year high of $24.92. The company has a market cap of $2.68 billion, a P/E ratio of -19.33 and a beta of 3.85.

Pony AI (NASDAQ:PONY) last issued its earnings results 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. On average, research analysts predict that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PONY has been the subject of several recent analyst reports. Weiss Ratings cut shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. The Goldman Sachs Group set a $30.00 price target on Pony AI in a research note on Thursday, April 16th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, HSBC initiated coverage on Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.95.

Hedge Funds Weigh In On Pony AI

Large investors have recently bought and sold shares of the stock. TMT General Partner Ltd grew its holdings in shares of 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Pony AI in the 3rd quarter valued at about $89,174,000. Aspex Management HK Ltd boosted its position 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 purchasing an additional 3,640,447 shares during the period. Tiger Global Management LLC boosted 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 valued at $42,050,000 after purchasing an additional 2,530,000 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new position in Pony AI during the 3rd quarter worth approximately $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.