Palladyne AI Corp. (NASDAQ:PDYN) CRO Matthew Vogt Sells 14,938 Shares

Palladyne AI Corp. (NASDAQ:PDYN) CRO Matthew Vogt sold 14,938 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $7.03, for a total value of $105,014.14. Following the completion of the transaction, the executive now owns 96,923 shares of the company’s stock, valued at $681,368.69. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Palladyne AI Trading Up 9.8 %

Shares of PDYN stock opened at $6.47 on Thursday. The stock has a 50-day moving average of $8.58 and a 200-day moving average of $4.61. The stock has a market cap of $194.82 million, a price-to-earnings ratio of -3.00 and a beta of 3.84. Palladyne AI Corp. has a 1-year low of $0.91 and a 1-year high of $14.95.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Palladyne AI

A number of institutional investors have recently modified their holdings of the company. Delta Air Lines Inc. acquired a new position in shares of Palladyne AI in the 3rd quarter valued at about $676,000. Geode Capital Management LLC bought a new stake in shares of Palladyne AI in the 3rd quarter valued at $316,000. Soviero Asset Management LP acquired a new position in shares of Palladyne AI during the 4th quarter valued at $1,227,000. Pursue Wealth Partners LLC bought a new position in Palladyne AI during the third quarter worth $168,000. Finally, Jane Street Group LLC bought a new position in Palladyne AI during the fourth quarter worth $1,054,000. 26.02% of the stock is owned by institutional investors.

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.