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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY – Get Free Report) VP Ning Zhang sold 15,524 shares of the business’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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Pony AI Stock Performance

Pony AI stock opened at $6.24 on Friday. Pony AI Inc. – Sponsored ADR has a one year low of $6.11 and a one year high of $24.92. The company has a 50-day simple moving average of $7.39 and a 200-day simple moving average of $8.40. The firm has a market capitalization of $2.71 billion, a P/E ratio of -17.33 and a beta of 3.88.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on Pony AI

Hedge Funds Weigh In On Pony AI

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. bought a new position in shares of Pony AI in the first quarter valued at approximately $30,000. Nykredit A S acquired a new position in shares of Pony AI during the second quarter valued at approximately $74,000. IFP Advisors Inc raised its holdings in Pony AI by 784.6% during the fourth quarter. IFP Advisors Inc now owns 6,051 shares of the company’s stock worth $88,000 after purchasing an additional 5,367 shares in the last quarter. Greenleaf Trust bought a new stake in Pony AI during the second quarter worth approximately $88,000. Finally, Corient Private Wealth LP acquired a new stake in Pony AI in the second quarter worth approximately $89,000.

Pony AI Company Profile

(Get Free Report)

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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