39,913 Shares in Pony AI Inc. (NASDAQ:PONY) Bought by Renaissance Capital LLC

Renaissance Capital LLC bought a new position in shares of Pony AI Inc. (NASDAQ:PONY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,913 shares of the company’s stock, valued at approximately $352,000. Pony AI comprises approximately 0.3% of Renaissance Capital LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other large investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pony AI in the 4th quarter valued at about $281,000. Barclays PLC bought a new stake in Pony AI during the 4th quarter worth approximately $212,000. Soros Fund Management LLC bought a new stake in Pony AI during the 4th quarter worth approximately $12,718,000. Aspex Management HK Ltd purchased a new stake in Pony AI in the 4th quarter valued at $34,091,000. Finally, Squarepoint Ops LLC purchased a new stake in Pony AI in the 4th quarter valued at $691,000.

Pony AI Price Performance

PONY stock opened at $13.93 on Friday. The firm has a 50 day simple moving average of $11.65. Pony AI Inc. has a 12-month low of $4.11 and a 12-month high of $23.88.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $13.98 million during the quarter. Analysts anticipate that Pony AI Inc. will post -0.38 earnings per share for the current fiscal year.

About Pony AI

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.