Pony AI (NASDAQ:PONY) VP Sells $110,220.40 in Stock

Key Points

• Pony AI Vice President Ning Zhang sold 15,524 shares at an average price of $7.10, generating $110,220.40. Zhang retained 645,835 shares, reducing the position by 2.35%.
• PONY shares fell to $6.54 during Tuesday trading, near their 12-month low of $6.36, with the stock down below both its 50-day and 200-day moving averages.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $19.57, although ratings range from Buy to Sell and Bank of America recently lowered its target to $17.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) VP Ning Zhang sold 15,524 shares of the firm's stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $110,220.40. Following the completion of the transaction, the vice president directly owned 645,835 shares of the company's stock, valued at approximately $4,585,428.50. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Pony AI Price Performance

PONY stock traded down $0.40 during midday trading 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. The company's fifty day moving average price is $7.42 and its 200 day moving average price is $8.52. Pony AI Inc. - Sponsored ADR has a twelve month low of $6.36 and a twelve month 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Pictet Asset Management Holding SA acquired a new stake in shares of Pony AI in the first quarter valued at approximately $3,144,000. TMT General Partner Ltd increased its holdings in shares of Pony AI by 262.1% during the 1st 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 during the last quarter. Headlands Technologies LLC acquired a new position in shares of Pony AI during the 2nd quarter worth approximately $1,634,000. Keystone Investors PTE Ltd. raised its stake in Pony AI by 202.0% in the 4th quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company's stock valued at $9,696,000 after acquiring an additional 447,250 shares during the period. Finally, Hel Ved Capital Management Ltd raised its stake in Pony AI by 47.5% in the 4th quarter. Hel Ved Capital Management Ltd now owns 778,879 shares of the company's stock valued at $11,294,000 after acquiring an additional 250,900 shares during the period.

Analysts Set New Price Targets

Several research firms recently issued reports on PONY. Bank of America dropped their target price on Pony AI from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, August 18th. Weiss Ratings restated a "sell (e+)" rating on shares of Pony AI in a research note on Tuesday, September 8th. BNP Paribas Exane raised Pony AI from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 20th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Pony AI in a research note on Tuesday, August 18th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average 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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