Ning Zhang Sells 17,347 Shares of Pony AI (NASDAQ:PONY) Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Ning Zhang sold 17,347 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $119,000.42. Following the completion of the transaction, the vice president directly owned 630,109 shares in the company, valued at approximately $4,322,547.74. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pony AI Price Performance

Shares of PONY stock opened at $6.95 on Wednesday. The business has a fifty day moving average of $9.06 and a 200 day moving average of $11.91. Pony AI Inc. – Sponsored ADR has a 1 year low of $6.66 and a 1 year high of $24.92. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -19.31 and a beta of 3.83.

Pony AI (NASDAQ:PONY) last posted its quarterly 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. The business had revenue of $34.25 million for the quarter, compared to the consensus estimate 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 research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.

Institutional Trading of Pony AI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise lifted its holdings in Pony AI by 71.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock valued at $82,000 after acquiring an additional 1,523 shares during the period. Baader Bank Aktiengesellschaft grew its stake in shares of Pony AI by 0.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 229,732 shares of the company’s stock worth $3,330,000 after purchasing an additional 1,539 shares during the period. Money Concepts Capital Corp increased its holdings in shares of Pony AI by 2.1% during the 4th quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after purchasing an additional 1,881 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Pony AI during the 3rd quarter valued at approximately $50,000. Finally, LPL Financial LLC lifted its stake in shares of Pony AI by 14.4% in the 4th quarter. LPL Financial LLC now owns 18,674 shares of the company’s stock valued at $271,000 after purchasing an additional 2,353 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a report on Thursday, April 16th. Weiss Ratings lowered shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Macquarie Infrastructure reissued an “outperform” rating and set a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.95.

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.