Palladyne AI (NASDAQ:PDYN) Insider Sells $51,355.10 in Stock

Palladyne AI Corp. (NASDAQ:PDYN) insider Stephen Sonne sold 6,802 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $7.55, for a total value of $51,355.10. Following the completion of the sale, the insider owned 206,206 shares of the company’s stock, valued at $1,556,855.30. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Palladyne AI Stock Performance

NASDAQ PDYN opened at $6.93 on Friday. The business’s fifty day moving average is $6.92 and its 200 day moving average is $6.92. Palladyne AI Corp. has a fifty-two week low of $4.14 and a fifty-two week high of $13.00. The company has a market capitalization of $291.34 million, a PE ratio of 31.50 and a beta of 3.78.

Palladyne AI (NASDAQ:PDYN) last issued its quarterly earnings results on Thursday, March 5th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Palladyne AI had a return on equity of 8.82% and a net margin of 191.37%.The business had revenue of $1.66 million during the quarter, compared to analysts’ expectations of $0.81 million.

Hedge Funds Weigh In On Palladyne AI

Hedge funds have recently made changes to their positions in the business. Soviero Asset Management LP purchased a new position in Palladyne AI in the 2nd quarter worth approximately $1,645,000. Cadent Capital Advisors LLC bought a new position in Palladyne AI in the 3rd quarter worth approximately $1,494,000. Quantbot Technologies LP purchased a new stake in Palladyne AI during the 3rd quarter valued at approximately $597,000. Wealthspire Advisors LLC bought a new stake in shares of Palladyne AI during the second quarter valued at approximately $216,000. Finally, XTX Topco Ltd purchased a new position in shares of Palladyne AI in the second quarter worth $800,000. Institutional investors own 26.02% of the company’s stock.

Key Stories Impacting Palladyne AI

Here are the key news stories impacting Palladyne AI this week:

• Positive Sentiment: Q4 results beat expectations — Palladyne reported EPS of ($0.16) vs. a ($0.18) consensus and revenue of $1.66M vs. $0.81M estimated, demonstrating stronger-than-expected top-line traction for its AI/autonomy software. MarketBeat PDYN coverage
• Positive Sentiment: Analyst action: Jefferies raised its price target to $8 (hold), which supports a modest valuation re-rating vs. recent levels. Jefferies price target note
• Positive Sentiment: Institutional interest: Several new institutional stakes were reported over the last year, indicating some investor appetite from quant and asset managers (listed in MarketBeat coverage). MarketBeat institutional flows
• Neutral Sentiment: Analyst landscape remains mixed — some outlets highlight divergent views on growth prospects for PDYN’s defense/robotics positioning; coverage is uneven. Globe and Mail analysts piece
• Negative Sentiment: Insider selling: Multiple senior executives sold shares on March 12 — CTO Denis Garagic sold 12,945 shares and CFO Trevor Thatcher sold 7,649 shares; director/insider Stephen Sonne also sold 6,802 shares. Concentrated insider sales on a single day can pressure sentiment. Garagic SEC filing Thatcher SEC filing Stephen Sonne sale
• Negative Sentiment: Employee equity awards: The company granted 107,932 RSUs as inducements to seven new hires at a subsidiary (effective March 10). RSU issuances can be dilutive when settled and may cap short-term upside if perceived as increasing future share supply. Business Wire RSU announcement

Wall Street Analyst Weigh In

Several research firms recently issued reports on PDYN. Wall Street Zen lowered shares of Palladyne AI from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Jefferies Financial Group upped their price target on shares of Palladyne AI from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings raised shares of Palladyne AI from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.00.

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.