Delta Air Lines Inc. purchased a new stake in Palladyne AI Corp. (NASDAQ:PDYN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 377,449 shares of the company's stock, valued at approximately $676,000. Palladyne AI makes up about 0.1% of Delta Air Lines Inc.'s holdings, making the stock its 5th largest position. Delta Air Lines Inc. owned about 1.25% of Palladyne AI as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new stake in Palladyne AI in the third quarter valued at $29,000. XTX Topco Ltd purchased a new position in shares of Palladyne AI during the third quarter worth about $55,000. State Street Corp purchased a new stake in shares of Palladyne AI in the 3rd quarter valued at about $91,000. Pursue Wealth Partners LLC purchased a new position in Palladyne AI during the 3rd quarter worth approximately $168,000. Finally, Geode Capital Management LLC acquired a new position in Palladyne AI during the third quarter worth approximately $316,000. 26.02% of the stock is owned by hedge funds and other institutional investors.
Palladyne AI Stock Performance
NASDAQ PDYN traded down $0.08 on Friday, reaching $3.47. The stock had a trading volume of 2,177,531 shares, compared to its average volume of 1,304,629. The stock has a market cap of $104.48 million, a P/E ratio of -1.61 and a beta of 4.26. Palladyne AI Corp. has a 12-month low of $0.45 and a 12-month high of $7.93. The business's 50-day moving average price is $2.97 and its 200 day moving average price is $2.19.
Insider Buying and Selling at Palladyne AI
In other news, Director Dennis M. Weibling bought 215,053 shares of Palladyne AI stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of $2.20 per share, for a total transaction of $473,116.60. Following the purchase, the director now owns 389,884 shares of the company's stock, valued at approximately $857,744.80. The trade was a 123.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.00% of the stock is currently owned by company insiders.
About Palladyne AI
(
Free Report)
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.
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