Palladyne AI Corp. (NASDAQ:PDYN – Get Free Report) CTO Denis Garagic sold 17,255 shares of the firm’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 $106,290.80. Following the sale, the chief technology officer directly owned 990,798 shares of the company’s stock, valued at $6,103,315.68. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Palladyne AI Price Performance
NASDAQ PDYN traded up $0.03 during trading on Friday, reaching $6.13. The company’s stock had a trading volume of 811,264 shares, compared to its average volume of 929,405. Palladyne AI Corp. has a 1-year low of $4.14 and a 1-year high of $10.73. The business has a 50-day moving average price of $5.81 and a 200-day moving average price of $6.45.
Palladyne AI (NASDAQ:PDYN – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). Palladyne AI had a negative return on equity of 53.29% and a negative net margin of 254.75%.The business had revenue of $5.78 million during the quarter, compared to the consensus estimate of $5.80 million. As a group, equities analysts predict that Palladyne AI Corp. will post -0.95 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Analysis on Palladyne AI
Institutional Investors Weigh In On Palladyne AI
A number of hedge funds and other institutional investors have recently bought and sold shares of PDYN. Vanguard Group Inc. raised its position in Palladyne AI by 26.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,528,052 shares of the company’s stock valued at $13,126,000 after purchasing an additional 315,660 shares during the last quarter. Geode Capital Management LLC boosted its stake in Palladyne AI by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 721,997 shares of the company’s stock valued at $3,077,000 after acquiring an additional 80,075 shares during the last quarter. State Street Corp grew its stake in shares of Palladyne AI by 24.4% during the fourth quarter. State Street Corp now owns 588,570 shares of the company’s stock worth $2,507,000 after purchasing an additional 115,409 shares during the period. Millennium Management LLC grew its position in shares of Palladyne AI by 767.3% during the 3rd quarter. Millennium Management LLC now owns 565,693 shares of the company’s stock worth $4,859,000 after buying an additional 500,472 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Palladyne AI by 96.5% during the third quarter. Raymond James Financial Inc. now owns 412,586 shares of the company’s stock valued at $3,544,000 after purchasing an additional 202,571 shares during the period. 26.02% of the stock is 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. The company's software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training.
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