Insider Selling: Palladyne AI Corp. (NASDAQ:PDYN) CRO Sells 14,938 Shares of Stock

Palladyne AI Corp. (NASDAQ:PDYN) CRO Matthew Vogt sold 14,938 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $7.03, for a total transaction of $105,014.14. Following the transaction, the executive now directly owns 96,923 shares in the company, valued at approximately $681,368.69. This represents a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Palladyne AI Stock Performance

PDYN stock opened at $6.38 on Friday. Palladyne AI Corp. has a 52 week low of $1.20 and a 52 week high of $14.95. The firm’s fifty day moving average is $8.71 and its 200 day moving average is $4.66. The firm has a market cap of $192.11 million, a P/E ratio of -2.95 and a beta of 3.83.

Hedge Funds Weigh In On Palladyne AI

A number of hedge funds have recently modified their holdings of PDYN. Charles Schwab Investment Management Inc. purchased a new position in shares of Palladyne AI in the third quarter valued at about $29,000. XTX Topco Ltd purchased a new position in shares of Palladyne AI in the third quarter valued at about $55,000. State Street Corp purchased a new position in shares of Palladyne AI in the third quarter valued at about $91,000. Dimensional Fund Advisors LP purchased a new position in shares of Palladyne AI in the fourth quarter valued at about $126,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Palladyne AI in the fourth quarter valued at about $129,000. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on shares of Palladyne AI in a report on Monday, January 27th. They set a “buy” rating and a $15.00 target price on the stock.

Palladyne AI Company 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.