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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $94,331.86. Following the sale, the chief financial officer owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Pony AI Stock Down 0.1%

NASDAQ:PONY opened at $6.95 on Wednesday. Pony AI Inc. – Sponsored ADR has a 12-month low of $6.66 and a 12-month high of $24.92. The firm has a market capitalization of $2.68 billion, a PE ratio of -19.31 and a beta of 3.83. The firm has a 50-day moving average price of $9.06 and a 200 day moving average price of $11.91.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. On average, research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current year.

Institutional Investors Weigh In On Pony AI

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Pony AI during the 1st quarter valued at $139,000. Invesco Ltd. bought a new stake in shares of Pony AI during the second quarter worth $206,000. First Trust Advisors LP acquired a new stake in shares of Pony AI in the second quarter valued at $276,000. Marshall Wace LLP increased its stake in shares of Pony AI by 4.7% in the second quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock valued at $3,505,000 after buying an additional 11,986 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Pony AI in the second quarter valued at about $64,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PONY shares. Macquarie Infrastructure reiterated an “outperform” rating and issued a $24.00 price target on shares of Pony AI in a research report on Tuesday, May 26th. HSBC started coverage on shares of Pony AI in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.60 target price on the stock. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Barclays dropped their target price on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Finally, BNP Paribas Exane initiated coverage on shares of Pony AI in a report on Thursday, March 26th. They set a “neutral” rating and a $12.50 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.95.

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.