XTX Topco Ltd Acquires New Holdings in Palladyne AI Corp. (NASDAQ:PDYN)

XTX Topco Ltd bought a new stake in Palladyne AI Corp. (NASDAQ:PDYN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,572 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Palladyne AI during the third quarter valued at approximately $29,000. State Street Corp acquired a new stake in Palladyne AI in the third quarter worth approximately $91,000. Finally, Pursue Wealth Partners LLC bought a new position in Palladyne AI during the 3rd quarter valued at $168,000. 26.02% of the stock is currently owned by institutional investors.

Palladyne AI Stock Performance

PDYN opened at $3.53 on Monday. The stock’s fifty day moving average is $3.13 and its 200-day moving average is $2.27. Palladyne AI Corp. has a one year low of $0.45 and a one year high of $7.93. The company has a market capitalization of $106.30 million, a PE ratio of -1.63 and a beta of 4.26.

Insiders Place Their Bets

In other Palladyne AI news, Director Dennis M. Weibling bought 215,053 shares of Palladyne AI stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $2.20 per share, for a total transaction of $473,116.60. Following the completion of the acquisition, the director now owns 389,884 shares of the company’s stock, valued at approximately $857,744.80. This represents a 123.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.00% of the stock is owned by company insiders.

Palladyne AI Profile

Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) software platform enables robots to observe, learn, reason, and act in structured and unstructured environments.