Insider Selling: Pony AI (NASDAQ:PONY) CFO Sells $94,331.86 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) CFO Haojun Wang sold 13,751 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 value of $94,331.86. Following the completion of the sale, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. This represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Pony AI Trading Up 4.9%

Shares of PONY opened at $7.29 on Thursday. The stock has a market cap of $2.81 billion, a P/E ratio of -20.25 and a beta of 4.05. Pony AI Inc. – Sponsored ADR has a 1 year low of $6.66 and a 1 year high of $24.92. The stock’s 50-day moving average price is $8.97 and its two-hundred day moving average price is $11.85.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. The company had revenue of $34.25 million during 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 year.

Hedge Funds Weigh In On Pony AI

A number of large investors have recently bought and sold shares of PONY. Goldman Sachs Group Inc. bought a new position in shares of Pony AI during the 1st quarter worth approximately $139,000. Invesco Ltd. bought a new stake in shares of Pony AI in the second quarter worth $206,000. First Trust Advisors LP bought a new position in Pony AI in the second quarter valued at $276,000. Marshall Wace LLP increased its stake in Pony AI by 4.7% in the 2nd quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock valued at $3,505,000 after buying an additional 11,986 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Pony AI during the 2nd quarter worth about $64,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PONY. Barclays reduced their price target on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Macquarie Infrastructure reissued an “outperform” rating and set a $24.00 target price on shares of Pony AI in a research note on Tuesday, May 26th. Finally, Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Pony AI presently has a consensus rating of “Moderate Buy” and an average target price 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.