Insider Selling: Palladyne AI Corp. (NASDAQ:PDYN) CRO Sells $105,014.14 in Stock

Palladyne AI Corp. (NASDAQ:PDYN) CRO Matthew Vogt sold 14,938 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $7.03, for a total transaction of $105,014.14. Following the completion of the sale, the executive now owns 96,923 shares in the company, valued at $681,368.69. This represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Palladyne AI Stock Performance

Palladyne AI stock opened at $6.38 on Friday. The firm’s fifty day moving average price is $8.71 and its 200-day moving average price is $4.66. The stock has a market cap of $192.11 million, a P/E 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.

Wall Street Analyst Weigh In

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

Institutional Trading of Palladyne AI

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new stake in shares of Palladyne AI during the 4th quarter valued at $126,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Palladyne AI during the 4th quarter valued at $129,000. Millennium Management LLC purchased a new stake in shares of Palladyne AI during the 4th quarter valued at $134,000. Northern Trust Corp raised its position in shares of Palladyne AI by 54.6% during the 4th quarter. Northern Trust Corp now owns 31,804 shares of the company’s stock valued at $390,000 after buying an additional 11,226 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of Palladyne AI during the 4th quarter valued at $149,000. Hedge funds and other institutional investors own 26.02% of the company’s 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.