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

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

Palladyne AI Stock Performance

Shares of PDYN opened at $6.88 on Friday. The company’s 50 day moving average price is $8.66 and its 200 day moving average price is $4.62. The company has a market capitalization of $207.17 million, a PE ratio of -3.19 and a beta of 3.83. Palladyne AI Corp. has a 52 week low of $1.20 and a 52 week high of $14.95.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners began coverage on Palladyne AI in a research note on Monday, January 27th. They issued a “buy” rating and a $15.00 price objective for the company.

Institutional Trading of Palladyne AI

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP purchased a new position in Palladyne AI in the fourth quarter valued at about $126,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Palladyne AI during the 4th quarter valued at about $129,000. Millennium Management LLC bought a new stake in shares of Palladyne AI in the 4th quarter valued at approximately $134,000. Man Group plc acquired a new position in Palladyne AI in the fourth quarter worth approximately $149,000. Finally, Cerity Partners LLC acquired a new position in Palladyne AI in the fourth quarter worth approximately $164,000. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Palladyne AI Company Profile

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.