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 shares were 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 owns 96,923 shares in the company, valued at $681,368.69. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Palladyne AI Stock Performance

Shares of NASDAQ PDYN opened at $6.88 on Friday. Palladyne AI Corp. has a 1 year low of $1.20 and a 1 year high of $14.95. The firm has a market cap of $207.17 million, a P/E ratio of -3.19 and a beta of 3.83. The stock has a fifty day moving average price of $8.66 and a two-hundred day moving average price of $4.62.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Delta Air Lines Inc. bought a new stake in Palladyne AI in the third quarter worth about $676,000. Geode Capital Management LLC raised its holdings in shares of Palladyne AI by 18.9% in the 4th quarter. Geode Capital Management LLC now owns 209,752 shares of the company’s stock worth $2,574,000 after purchasing an additional 33,308 shares in the last quarter. Soviero Asset Management LP acquired a new stake in Palladyne AI during the fourth quarter valued at approximately $1,227,000. Pursue Wealth Partners LLC acquired a new stake in Palladyne AI during the third quarter valued at approximately $168,000. Finally, Jane Street Group LLC bought a new stake in Palladyne AI during the fourth quarter worth approximately $1,054,000. Institutional investors own 26.02% of the company’s stock.

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.