State Street Corp Acquires New Stake in Palladyne AI Corp. (NASDAQ:PDYN)

State Street Corp acquired a new stake in Palladyne AI Corp. (NASDAQ:PDYN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,593 shares of the company's stock, valued at approximately $91,000. State Street Corp owned 0.19% of Palladyne AI as of its most recent filing with the Securities and Exchange Commission.

Separately, Charles Schwab Investment Management Inc. purchased a new stake in shares of Palladyne AI in the third quarter valued at approximately $29,000. 26.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palladyne AI

In other Palladyne AI news, Director Dennis M. Weibling purchased 215,053 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 389,884 shares of the company's stock, valued at $857,744.80. This trade represents a 123.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 12.00% of the stock is currently owned by corporate insiders.

Palladyne AI Stock Performance

Palladyne AI stock traded down $1.45 during midday trading on Friday, reaching $10.31. The company's stock had a trading volume of 8,102,079 shares, compared to its average volume of 7,907,039. Palladyne AI Corp. has a fifty-two week low of $0.45 and a fifty-two week high of $14.95. The stock's 50 day simple moving average is $4.55 and its 200 day simple moving average is $2.79. The firm has a market capitalization of $310.45 million, a PE ratio of -4.77 and a beta of 3.90.

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.