Key Points
- CTO Denis Garagic sold 15,611 shares at an average price of $5.11 for $79,772.21, reducing his stake by 2.67% to 569,248 shares, according to an SEC filing.
- PDYN shares were down about 1.5% to $5.16 on higher-than-average volume; the stock has a 12‑month range of $2.15–$14.95, a market cap of ~$216.5M, a negative P/E, and a beta of 3.74.
- Institutional buying increased recently (notably Millennium, Geode, Vanguard and Raymond James), and analyst coverage is mixed with a consensus rating of "Hold" and a $11.50 price target.
Palladyne AI Corp. (NASDAQ:PDYN - Get Free Report) CFO Trevor Thatcher sold 2,648 shares of Palladyne AI stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $5.11, for a total value of $13,531.28. Following the completion of the sale, the chief financial officer owned 164,937 shares in the company, valued at approximately $842,828.07. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Palladyne AI Stock Performance
NASDAQ:PDYN traded down $0.08 during trading hours on Friday, hitting $5.16. The company's stock had a trading volume of 1,640,006 shares, compared to its average volume of 1,285,065. The business's 50-day moving average is $8.02 and its two-hundred day moving average is $8.06. The company has a market capitalization of $216.46 million, a PE ratio of -3.05 and a beta of 3.74. Palladyne AI Corp. has a 52-week low of $2.15 and a 52-week high of $14.95.
Palladyne AI (NASDAQ:PDYN - Get Free Report) last issued its earnings results on Wednesday, November 12th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.11. The company had revenue of $0.86 million for the quarter, compared to analyst estimates of $1.15 million. Palladyne AI had a negative net margin of 953.45% and a negative return on equity of 133.19%.
Hedge Funds Weigh In On Palladyne AI
A number of institutional investors have recently made changes to their positions in PDYN. Quarry LP purchased a new stake in shares of Palladyne AI in the third quarter valued at $28,000. PNC Financial Services Group Inc. purchased a new stake in Palladyne AI during the 1st quarter worth about $35,000. Osaic Holdings Inc. raised its stake in Palladyne AI by 94.3% in the 2nd quarter. Osaic Holdings Inc. now owns 5,098 shares of the company's stock valued at $44,000 after purchasing an additional 2,474 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Palladyne AI in the 2nd quarter valued at about $51,000. Finally, Russell Investments Group Ltd. purchased a new position in Palladyne AI in the 3rd quarter valued at about $61,000. 26.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PDYN has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Palladyne AI in a report on Wednesday. Wall Street Zen raised Palladyne AI from a "sell" rating to a "hold" rating in a report on Saturday, November 15th. Finally, Jefferies Financial Group initiated coverage on Palladyne AI in a report on Thursday, September 11th. They issued a "hold" rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Palladyne AI currently has an average rating of "Hold" and a consensus price target of $11.50.
Check Out Our Latest Stock Analysis on Palladyne AI
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.
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