Clear Street Group Inc. Invests $7.18 Million in Pony AI Inc. – Sponsored ADR $PONY

Clear Street Group Inc. acquired a new position in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 319,398 shares of the company’s stock, valued at approximately $7,183,000. Clear Street Group Inc. owned approximately 0.08% of Pony AI as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. HSG Holding Ltd purchased a new stake in shares of Pony AI in the second quarter valued at about $78,184,000. Aspex Management HK Ltd lifted its position in shares of Pony AI by 728.1% during the third 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 in the last quarter. Ghisallo Capital Management LLC purchased a new position in Pony AI during the third quarter worth about $53,076,000. Bamco Inc. NY bought a new stake in Pony AI in the 2nd quarter worth about $22,230,000. Finally, ARK Investment Management LLC bought a new stake in Pony AI in the 3rd quarter worth about $28,623,000.

Analyst Ratings Changes

PONY has been the subject of a number of research analyst reports. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research note on Thursday, January 22nd. Macquarie Infrastructure started coverage on Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 target price for the company. CLSA began coverage on Pony AI in a research note on Friday, January 2nd. They set an “outperform” rating and a $22.00 target price on the stock. Finally, Citigroup reissued a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.10.

Pony AI Trading Down 6.9%

Pony AI stock opened at $11.44 on Friday. The firm has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $15.96. Pony AI Inc. – Sponsored ADR has a 1-year low of $4.11 and a 1-year high of $24.92. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of -8.11 and a beta of 6.26.

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.