Palladyne AI Corp. (NASDAQ:PDYN - Get Free Report) insider Stephen Sonne sold 10,529 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $7.03, for a total value of $74,018.87. Following the sale, the insider now directly owns 127,218 shares of the company's stock, valued at $894,342.54. This represents a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Palladyne AI Stock Down 7.3 %
Shares of PDYN traded down $0.50 on Friday, hitting $6.38. The company's stock had a trading volume of 2,440,552 shares, compared to its average volume of 6,304,745. The firm has a market capitalization of $192.11 million, a price-to-earnings ratio of -2.95 and a beta of 3.83. Palladyne AI Corp. has a fifty-two week low of $1.20 and a fifty-two week high of $14.95. The firm's fifty day moving average price is $8.71 and its 200-day moving average price is $4.68.
Institutional Trading of Palladyne AI
A number of institutional investors have recently modified their holdings of PDYN. Charles Schwab Investment Management Inc. bought a new position in shares of Palladyne AI during the third quarter worth about $29,000. XTX Topco Ltd acquired a new position in Palladyne AI during the 3rd quarter worth approximately $55,000. State Street Corp bought a new position in shares of Palladyne AI during the 3rd quarter worth approximately $91,000. Dimensional Fund Advisors LP bought a new stake in Palladyne AI during the 4th quarter worth about $126,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Palladyne AI during the 4th quarter worth approximately $129,000. 26.02% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Alliance Global Partners started coverage on Palladyne AI in a report on Monday, January 27th. They issued a "buy" rating and a $15.00 price objective for the company.
Check Out Our Latest Report on PDYN
About Palladyne AI
(
Get 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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
