110,340 Shares in Pony AI Inc. – Sponsored ADR $PONY Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new position in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 110,340 shares of the company’s stock, valued at approximately $1,042,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. bought a new position in shares of Pony AI during the 1st quarter worth $30,000. Leonteq Securities AG purchased a new position in shares of Pony AI during the fourth quarter valued at $38,000. JPMorgan Chase & Co. raised its holdings in shares of Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after acquiring an additional 62,748 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Pony AI in the second quarter valued at about $64,000. Finally, Kestra Advisory Services LLC purchased a new stake in Pony AI in the fourth quarter worth about $75,000.

Pony AI Trading Down 2.3%

PONY opened at $8.14 on Friday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -22.61 and a beta of 3.96. Pony AI Inc. – Sponsored ADR has a 12 month low of $6.36 and a 12 month high of $24.92. The stock has a fifty day moving average price of $7.54 and a 200-day moving average price of $10.02.

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

Insider Buying and Selling

In related news, VP Luyi Mo sold 14,460 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $99,195.60. Following the completion of the sale, the vice president owned 350,156 shares of the company’s stock, valued at $2,402,070.16. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Haojun Wang sold 13,751 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $94,331.86. Following the sale, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at approximately $9,895,577.44. This represents a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,558 shares of company stock worth $312,528 in the last 90 days.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings lowered shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Macquarie Infrastructure reiterated an “outperform” rating and set a $24.00 price objective on shares of Pony AI in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pony AI presently has an average rating of “Hold” and an average target price of $19.94.

Pony AI 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.