Two Sigma Investments LP Acquires New Shares in Palladyne AI Corp. (NASDAQ:PDYN)

Two Sigma Investments LP bought a new stake in Palladyne AI Corp. (NASDAQ:PDYN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,135 shares of the company’s stock, valued at approximately $186,000. Two Sigma Investments LP owned 0.05% of Palladyne AI at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PDYN. Man Group plc acquired a new stake in Palladyne AI in the fourth quarter worth $149,000. OMERS ADMINISTRATION Corp acquired a new stake in Palladyne AI during the 4th quarter worth $301,000. Millennium Management LLC acquired a new stake in Palladyne AI during the 4th quarter worth $134,000. Cubist Systematic Strategies LLC bought a new position in Palladyne AI during the fourth quarter worth about $129,000. Finally, 683 Capital Management LLC bought a new position in Palladyne AI during the fourth quarter worth about $417,000. Institutional investors own 26.02% of the company’s stock.

Insider Activity

In related news, insider Kristi Martindale sold 6,772 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $7.24, for a total transaction of $49,029.28. Following the sale, the insider now directly owns 318,307 shares in the company, valued at $2,304,542.68. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Trevor Thatcher sold 10,919 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $5.82, for a total transaction of $63,548.58. Following the completion of the sale, the chief financial officer now directly owns 171,720 shares in the company, valued at $999,410.40. This represents a 5.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,068 shares of company stock worth $279,443 in the last 90 days. Corporate insiders own 13.40% of the company’s stock.

Palladyne AI Price Performance

Shares of Palladyne AI stock opened at $8.62 on Friday. Palladyne AI Corp. has a 1 year low of $1.38 and a 1 year high of $14.95. The business has a 50-day moving average of $6.79 and a two-hundred day moving average of $7.16. The company has a market capitalization of $303.60 million, a P/E ratio of -3.99 and a beta of 3.80.

Palladyne AI 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.