Shares of Palladyne AI Corp. (NASDAQ:PDYN – Get Free Report) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.00.
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Palladyne AI in a report on Friday, October 30th.
Check Out Our Latest Stock Report on PDYN
Insider Activity
In other news, CFO Trevor Thatcher sold 4,636 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $6.16, for a total value of $28,557.76. Following the completion of the transaction, the chief financial officer owned 319,602 shares of the company’s stock, valued at $1,968,748.32. The trade was a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Sonne sold 5,341 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $6.16, for a total value of $32,900.56. Following the completion of the sale, the insider owned 340,690 shares in the company, valued at $2,098,650.40. The trade was a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,232 shares of company stock valued at $167,749 in the last quarter. 13.40% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Themes Management Co LLC boosted its position in Palladyne AI by 561.7% in the 1st quarter. Themes Management Co LLC now owns 392,259 shares of the company’s stock worth $2,381,000 after purchasing an additional 332,982 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Palladyne AI by 14.6% during the 1st quarter. Royal Bank of Canada now owns 90,825 shares of the company’s stock valued at $551,000 after purchasing an additional 11,565 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Palladyne AI during the 3rd quarter valued at approximately $534,000. Covestor Ltd increased its holdings in shares of Palladyne AI by 9.9% during the 3rd quarter. Covestor Ltd now owns 103,067 shares of the company’s stock valued at $532,000 after purchasing an additional 9,251 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Palladyne AI by 27.4% during the 1st quarter. Bank of New York Mellon Corp now owns 75,908 shares of the company’s stock valued at $461,000 after purchasing an additional 16,315 shares in the last quarter. 26.02% of the stock is owned by institutional investors and hedge funds.
Palladyne AI Price Performance
Shares of Palladyne AI stock opened at $3.54 on Tuesday. The firm has a fifty day moving average price of $4.74 and a 200 day moving average price of $6.02. Palladyne AI has a 1 year low of $2.66 and a 1 year high of $10.00.
About Palladyne AI
Palladyne AI Corp. develops artificial intelligence software designed to help robots perceive their surroundings, learn from experience and perform complex physical tasks with greater autonomy. Its technology is intended to enable robots to operate in dynamic, unstructured environments while reducing the need for detailed task-by-task programming.
The company’s software platform, Palladyne IQ, uses machine learning, computer vision and related AI capabilities to support robotic perception, decision-making and control.
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