Key Points
- Pony AI VP Ning Zhang sold 15,524 shares at an average price of $7.10, generating $110,220.40. The sale reduced his direct ownership by 2.35% to 645,835 shares.
- PONY opened at $6.54 and is trading below its 50-day and 200-day moving averages, with a 52-week range of $6.36 to $24.92 and a market capitalization of approximately $2.84 billion.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and a target price of $19.57, although ratings range from buy to sell. Several institutional investors have also recently established or increased 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 dated Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $88,217.50. Following 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 filing with the SEC, which can be accessed through the SEC website.
Pony AI Price Performance
Shares of NASDAQ PONY opened at $6.54 on Wednesday. The firm's 50-day moving average is $7.42 and its two-hundred day moving average is $8.48. The company has a market capitalization of $2.84 billion, a PE ratio of -18.17 and a beta of 3.87. Pony AI Inc. - Sponsored ADR has a 12-month low of $6.36 and a 12-month high of $24.92.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. BNP Paribas Exane upgraded Pony AI from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 20th. Jefferies Financial Group restated a "buy" rating on shares of Pony AI in a report on Tuesday, August 18th. Bank of America decreased their price target on shares of Pony AI from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, August 18th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Pony AI in a report on Tuesday, September 8th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.57.
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Institutional Inflows and Outflows
Several large investors have recently modified their holdings of PONY. TMT General Partner Ltd grew its holdings 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 valued at $65,534,000 after purchasing an additional 5,024,721 shares during the period. Lingotto Investment Management LLP boosted its holdings in shares of Pony AI by 72.6% in the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company's stock valued at $59,559,000 after purchasing an additional 1,727,620 shares during the last quarter. Amova Asset Management Americas Inc. boosted its holdings in shares of Pony AI by 266.2% in the 4th 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 during the last quarter. Hel Ved Capital Management Ltd grew its stake in shares of Pony AI by 47.5% during the 4th quarter. Hel Ved Capital Management Ltd now owns 778,879 shares of the company's stock valued at $11,294,000 after buying an additional 250,900 shares during the period. Finally, Keystone Investors PTE Ltd. grew its stake in shares of Pony AI by 202.0% during the 4th quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company's stock valued at $9,696,000 after buying an additional 447,250 shares during the period.
Pony AI Company Profile
(
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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.
Further Reading
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