Insider Selling: Pony AI (NASDAQ:PONY) VP Sells 12,425 Shares of Stock

Key Points

• Pony AI VP Luyi Mo sold 12,425 shares at an average price of $7.10, generating $88,217.50. Mo retained 362,737 shares after the transaction, a 3.31% reduction in ownership.
• PONY shares fell to $6.54, near their 52-week low of $6.36, with the company valued at approximately $2.84 billion. The stock remains below both its 50-day and 200-day moving averages.
• Analyst sentiment is broadly positive, with seven Buy ratings, two Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $19.57; several institutional investors also increased their positions.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) VP Luyi Mo sold 12,425 shares of the firm's stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $88,217.50. Following the completion of the transaction, the vice president owned 362,737 shares of the company's stock, valued at $2,575,432.70. This trade represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pony AI Stock Performance

Pony AI stock traded down $0.40 during midday trading on Tuesday, reaching $6.54. 5,006,938 shares of the stock were exchanged, compared to its average volume of 4,218,757. The company's fifty day moving average is $7.42 and its 200-day moving average is $8.52. The firm has a market cap of $2.84 billion, a PE ratio of -18.17 and a beta of 3.87. Pony AI Inc. - Sponsored ADR has a 52 week low of $6.36 and a 52 week high of $24.92.

Institutional Trading of Pony AI

Hedge funds have recently made changes to their positions in the stock. TMT General Partner Ltd grew its position in Pony AI by 262.1% in the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company's stock worth $65,534,000 after acquiring an additional 5,024,721 shares in the last quarter. Lingotto Investment Management LLP increased its stake in Pony AI by 72.6% in the fourth quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company's stock valued at $59,559,000 after acquiring an additional 1,727,620 shares during the last quarter. Amova Asset Management Americas Inc. raised its position in Pony AI by 266.2% during the fourth quarter. Amova Asset Management Americas Inc. now owns 1,974,499 shares of the company's stock valued at $28,630,000 after purchasing an additional 1,435,358 shares in the last quarter. Hel Ved Capital Management Ltd lifted its stake in Pony AI by 47.5% during the fourth quarter. Hel Ved Capital Management Ltd now owns 778,879 shares of the company's stock worth $11,294,000 after purchasing an additional 250,900 shares during the last quarter. Finally, Keystone Investors PTE Ltd. lifted its stake in Pony AI by 202.0% during the fourth quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company's stock worth $9,696,000 after purchasing an additional 447,250 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on PONY shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Pony AI in a report on Tuesday, September 8th. Bank of America decreased their target price on Pony AI from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, August 18th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Pony AI in a report on Tuesday, August 18th. Finally, BNP Paribas Exane upgraded Pony AI from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 20th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.57.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.

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