Palladyne AI (NASDAQ:PDYN) CFO Trevor Thatcher Sells 4,561 Shares of Stock

by · The Cerbat Gem

Palladyne AI Corp. (NASDAQ:PDYN – Get Free Report) CFO Trevor Thatcher sold 4,561 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $6.14, for a total value of $28,004.54. Following the completion of the sale, the chief financial officer owned 175,697 shares in the company, valued at $1,078,779.58. The trade was a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trevor Thatcher also recently made the following trade(s):

  • On Thursday, March 12th, Trevor Thatcher sold 7,649 shares of Palladyne AI stock. The shares were sold at an average price of $7.55, for a total value of $57,749.95.

Palladyne AI Trading Up 4.0%

Shares of NASDAQ:PDYN opened at $6.21 on Friday. Palladyne AI Corp. has a 12-month low of $4.14 and a 12-month high of $13.00. The business has a 50 day moving average of $6.41 and a two-hundred day moving average of $6.27. The company has a market capitalization of $288.70 million, a PE ratio of -10.18 and a beta of 3.52.

Palladyne AI (NASDAQ:PDYN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $3.54 million for the quarter, compared to analyst estimates of $4.93 million. Palladyne AI had a negative return on equity of 49.17% and a negative net margin of 358.04%. Equities research analysts predict that Palladyne AI Corp. will post -0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PDYN has been the subject of a number of recent analyst reports. Zacks Research raised shares of Palladyne AI to a “hold” rating in a report on Wednesday, April 8th. Lake Street Capital started coverage on shares of Palladyne AI in a research note on Friday, April 17th. They set a “buy” rating and a $11.00 target price on the stock. Northland Securities assumed coverage on Palladyne AI in a research report on Wednesday, April 1st. They set an “outperform” rating and a $10.00 target price on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of Palladyne AI in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of Palladyne AI from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.33.

Get Our Latest Research Report on Palladyne AI

Institutional Investors Weigh In On Palladyne AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Palladyne AI during the third quarter worth $28,000. Osaic Holdings Inc. lifted its stake in shares of Palladyne AI by 94.3% in the second quarter. Osaic Holdings Inc. now owns 5,098 shares of the company’s stock worth $44,000 after buying an additional 2,474 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in Palladyne AI during the fourth quarter worth about $44,000. Caitong International Asset Management Co. Ltd grew its stake in Palladyne AI by 103.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,484 shares of the company’s stock valued at $53,000 after acquiring an additional 6,343 shares in the last quarter. Finally, Atom Investors LP purchased a new stake in Palladyne AI during the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Palladyne AI Company Profile

(Get Free Report)

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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