Renaissance Capital LLC bought a new position in shares of Pony AI Inc. (NASDAQ:PONY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 39,913 shares of the company's stock, valued at approximately $352,000. Pony AI makes up approximately 0.3% of Renaissance Capital LLC's portfolio, making the stock its 28th largest position.
Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI during the 4th quarter worth about $281,000. Barclays PLC purchased a new stake in shares of Pony AI during the fourth quarter worth approximately $212,000. Soros Fund Management LLC purchased a new stake in shares of Pony AI during the fourth quarter worth approximately $12,718,000. Aspex Management HK Ltd purchased a new stake in shares of Pony AI during the fourth quarter worth approximately $34,091,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Pony AI during the fourth quarter worth approximately $691,000.
Pony AI Stock Performance
Shares of PONY stock traded down $0.73 during trading hours on Tuesday, reaching $13.07. 8,500,990 shares of the stock were exchanged, compared to its average volume of 7,409,597. The stock has a fifty day moving average price of $11.90. Pony AI Inc. has a 12-month low of $4.11 and a 12-month high of $23.88.
Pony AI (NASDAQ:PONY - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $13.98 million for the quarter. Equities analysts forecast that Pony AI Inc. will post -0.38 EPS for the current fiscal year.
About Pony AI
(
Free Report)
Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.
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