Pony AI (NASDAQ:PONY) CFO Sells 13,751 Shares of Stock

Key Points

• Pony AI CFO Haojun Wang sold 13,751 shares at an average price of $7.10, generating approximately $97,632; he retains 1,463,466 shares.
• PONY shares fell 5.8% to $6.54, near the company’s 52-week low of $6.36, with a market capitalization of approximately $2.84 billion.
• Analysts maintain a “Moderate Buy” consensus, with seven Buy ratings, two Holds, one Sell, and an average price target of $19.57.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) CFO Haojun Wang sold 13,751 shares of the business's stock in a transaction on Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $97,632.10. Following the transaction, the chief financial officer owned 1,463,466 shares of the company's stock, valued at approximately $10,390,608.60. The trade was a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Pony AI Trading Down 5.8%

NASDAQ:PONY traded down $0.40 during trading hours on Tuesday, hitting $6.54. The company's stock had a trading volume of 5,006,938 shares, compared to its average volume of 4,218,757. Pony AI Inc. - Sponsored ADR has a 52-week low of $6.36 and a 52-week high of $24.92. The stock has a market capitalization of $2.84 billion, a P/E ratio of -18.17 and a beta of 3.87. The stock has a fifty day moving average of $7.42 and a 200-day moving average of $8.52.

Analysts Set New Price Targets

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

Institutional Trading of Pony AI

A number of hedge funds and other institutional investors have recently made changes to their positions in PONY. Altar Rock LLC purchased a new position in Pony AI during the 2nd quarter worth approximately $158,000. Nykredit A S purchased a new stake in Pony AI in the second quarter valued at approximately $74,000. Corient Private Wealth LP purchased a new stake in Pony AI in the second quarter valued at approximately $89,000. AXQ Capital LP acquired a new stake in shares of Pony AI in the second quarter valued at approximately $134,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Pony AI in the second quarter valued at approximately $1,634,000.

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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