Insider Selling: Pony AI (NASDAQ:PONY) VP Sells 14,460 Shares

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Luyi Mo sold 14,460 shares of the company’s stock in a transaction dated 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 approximately $2,402,070.16. This represents a 3.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Pony AI Stock Up 1.3%

PONY 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 firm has a fifty day simple moving average of $9.23 and a two-hundred day simple moving average of $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 price-to-earnings 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, topping the consensus estimate of ($0.12) by $0.03. The business had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. As a group, equities analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PONY shares. BNP Paribas Exane assumed coverage on Pony AI in a report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 target price for the company. Barclays reduced their price target on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Macquarie Infrastructure reissued an “outperform” rating and issued a $24.00 price objective on shares of Pony AI in a report on Tuesday, May 26th. Finally, HSBC assumed coverage on shares of 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 investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Pony AI has an average rating of “Moderate Buy” and an average price target of $19.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after acquiring an additional 62,748 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Pony AI in the 3rd quarter valued at $50,000. Leonteq Securities AG purchased a new position in shares of Pony AI during the 4th quarter worth $38,000. Blue Trust Inc. purchased a new position in shares of Pony AI during the 1st quarter worth $30,000. Finally, Banque Cantonale Vaudoise increased its position in shares of Pony AI by 71.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares during the last quarter.

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.