Geode Capital Management LLC bought a new position in shares of Palladyne AI Corp. (NASDAQ:PDYN - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 176,444 shares of the company's stock, valued at approximately $316,000. Geode Capital Management LLC owned 0.66% of Palladyne AI as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. bought a new stake in Palladyne AI in the third quarter valued at $29,000. XTX Topco Ltd bought a new position in Palladyne AI in the 3rd quarter worth about $55,000. State Street Corp acquired a new stake in Palladyne AI in the 3rd quarter valued at approximately $91,000. Finally, Pursue Wealth Partners LLC bought a new stake in shares of Palladyne AI during the third quarter valued at about $168,000. 26.02% of the stock is currently owned by institutional investors.
Palladyne AI Price Performance
Shares of NASDAQ PDYN traded up $1.80 during mid-day trading on Tuesday, reaching $9.04. 10,682,221 shares of the company traded hands, compared to its average volume of 7,061,241. The firm has a market cap of $272.21 million, a PE ratio of -4.19 and a beta of 3.90. Palladyne AI Corp. has a fifty-two week low of $0.45 and a fifty-two week high of $14.95. The stock has a fifty day simple moving average of $5.24 and a 200-day simple moving average of $3.06.
Insider Activity at Palladyne AI
In related news, Director Dennis M. Weibling bought 215,053 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of $2.20 per share, for a total transaction of $473,116.60. Following the acquisition, the director now directly owns 389,884 shares of the company's stock, valued at $857,744.80. The trade was a 123.01 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 12.00% of the company's stock.
Palladyne AI Profile
(
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.
See Also
Before you consider Palladyne AI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palladyne AI wasn't on the list.
While Palladyne AI currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
