Kristi Martindale Sells 6,406 Shares of Palladyne AI (NASDAQ:PDYN) Stock

Palladyne AI Corp. (NASDAQ:PDYN) insider Kristi Martindale sold 6,406 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $7.42, for a total value of $47,532.52. Following the sale, the insider owned 312,236 shares in the company, valued at $2,316,791.12. The trade was a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Palladyne AI Stock Up 3.1%

Shares of NASDAQ PDYN opened at $7.67 on Friday. The stock’s 50 day moving average price is $8.68 and its two-hundred day moving average price is $7.68. Palladyne AI Corp. has a 52-week low of $1.38 and a 52-week high of $14.95. The stock has a market capitalization of $321.76 million, a P/E ratio of -4.10 and a beta of 3.76.

Analyst Ratings Changes

Separately, Wall Street Zen cut Palladyne AI from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Palladyne AI has an average rating of “Buy” and a consensus target price of $15.00.

Institutional Trading of Palladyne AI

Several large investors have recently added to or reduced their stakes in PDYN. Geode Capital Management LLC increased its position in Palladyne AI by 18.9% in the 4th quarter. Geode Capital Management LLC now owns 209,752 shares of the company’s stock valued at $2,574,000 after acquiring an additional 33,308 shares during the period. Cerity Partners LLC acquired a new stake in Palladyne AI in the 4th quarter valued at approximately $164,000. Raymond James Financial Inc. bought a new position in Palladyne AI during the 4th quarter valued at $645,000. Dimensional Fund Advisors LP bought a new position in Palladyne AI during the 4th quarter valued at $126,000. Finally, Northern Trust Corp boosted its stake in 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 purchasing an additional 11,226 shares in the last quarter. 26.02% of the stock is currently owned by institutional investors and hedge funds.

About Palladyne AI

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.