Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY – Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,821,735 shares of the company’s stock after selling 152,764 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.47% of Pony AI worth $17,197,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of Pony AI in the 1st quarter valued at approximately $30,000. Leonteq Securities AG bought a new stake in shares of Pony AI during the 4th quarter worth approximately $38,000. JPMorgan Chase & Co. boosted its position in shares of Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after acquiring an additional 62,748 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Pony AI during the 3rd quarter worth approximately $50,000. Finally, Daiwa Securities Group Inc. bought a new position in Pony AI in the second quarter valued at approximately $64,000.
Insider Transactions at Pony AI
In related news, VP Luyi Mo sold 14,460 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $99,195.60. Following the sale, the vice president owned 350,156 shares in the company, valued at $2,402,070.16. The trade was a 3.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Haojun Wang sold 13,751 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $94,331.86. Following the completion of the transaction, the chief financial officer directly owned 1,442,504 shares of the company’s stock, valued at approximately $9,895,577.44. The trade was a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 45,558 shares of company stock worth $312,528.
Analysts Set New Price Targets
View Our Latest Research Report on PONY
Pony AI Trading Up 3.9%
Shares of Pony AI stock opened at $6.95 on Wednesday. The firm’s 50 day moving average is $8.32 and its 200 day moving average is $11.33. The firm has a market capitalization of $2.68 billion, a PE ratio of -19.31 and a beta of 4.04. Pony AI Inc. – Sponsored ADR has a 1 year low of $6.36 and a 1 year high of $24.92.
Pony AI (NASDAQ:PONY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. The business had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. As a group, research analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.
About Pony AI
Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.
Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.
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