Insider Selling: Pony AI (NASDAQ:PONY) VP Sells $88,217.50 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Luyi Mo sold 12,425 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $7.10, for a total value of $88,217.50. Following the completion of the sale, the vice president owned 362,737 shares of the company’s stock, valued at $2,575,432.70. The trade was a 3.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Pony AI Price Performance

NASDAQ PONY traded down $0.40 on Tuesday, reaching $6.54. 5,006,938 shares of the company’s stock traded hands, compared to its average volume of 4,218,757. 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 50-day simple moving average of $7.42 and a 200 day simple moving average of $8.52. The stock has a market cap of $2.84 billion, a PE ratio of -18.17 and a beta of 3.87.

Institutional Trading of Pony AI

Institutional investors have recently modified their holdings of the company. TMT General Partner Ltd increased its holdings in Pony AI by 262.1% during the 1st 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 lifted its holdings in Pony AI by 72.6% in the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock worth $59,559,000 after buying an additional 1,727,620 shares during the period. Amova Asset Management Americas Inc. grew its position 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 worth $28,630,000 after buying an additional 1,435,358 shares during the last quarter. Hel Ved Capital Management Ltd grew its position in shares of Pony AI by 47.5% in the 4th quarter. Hel Ved Capital Management Ltd now owns 778,879 shares of the company’s stock worth $11,294,000 after buying an additional 250,900 shares during the last quarter. Finally, Keystone Investors PTE Ltd. increased its stake in shares of Pony AI by 202.0% during the fourth 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.

Analysts Set New Price Targets

PONY has been the subject of several analyst reports. Bank of America cut their price target on shares of Pony AI from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Pony AI in a research note on Tuesday, September 8th. Jefferies Financial Group restated a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th. Finally, BNP Paribas Exane upgraded Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.57.

About Pony AI

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.