Palladyne AI (NASDAQ:PDYN) Upgraded at Zacks Research

Zacks Research upgraded shares of Palladyne AI (NASDAQ:PDYN) to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Northland Securities began coverage on shares of Palladyne AI in a report on Wednesday, April 1st. They set an “outperform” rating and a $10.00 price target for the company. Weiss Ratings upgraded shares of Palladyne AI from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Wall Street Zen cut shares of Palladyne AI from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Jefferies Financial Group upped their target price on shares of Palladyne AI from $7.00 to $8.00 and gave the company a “hold” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Palladyne AI presently has an average rating of “Hold” and an average price target of $9.00.

Palladyne AI Stock Performance

Palladyne AI stock opened at $6.48 on Wednesday. Palladyne AI has a 1 year low of $4.14 and a 1 year high of $13.00. The company’s 50 day simple moving average is $6.84 and its 200-day simple moving average is $6.78. The company has a market capitalization of $301.29 million, a price-to-earnings ratio of 29.45 and a beta of 3.75.

Palladyne AI (NASDAQ:PDYN) last announced its earnings results on Thursday, March 5th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. Palladyne AI had a net margin of 191.37% and a return on equity of 8.82%. The firm had revenue of $1.66 million for the quarter, compared to the consensus estimate of $0.81 million.

Insider Buying and Selling

In other Palladyne AI news, insider Stephen Sonne sold 6,802 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 206,206 shares in the company, valued at $1,556,855.30. This represents a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Trevor Thatcher sold 7,649 shares of Palladyne AI stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $7.55, for a total transaction of $57,749.95. Following the completion of the sale, the chief financial officer owned 183,288 shares of the company’s stock, valued at approximately $1,383,824.40. This trade represents a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 27,396 shares of company stock valued at $206,840. Corporate insiders own 13.40% of the company’s stock.

Institutional Trading of Palladyne AI

A number of hedge funds and other institutional investors have recently made changes to their positions in PDYN. Millennium Management LLC increased its stake in shares of Palladyne AI by 767.3% in the third quarter. Millennium Management LLC now owns 565,693 shares of the company’s stock worth $4,859,000 after buying an additional 500,472 shares during the last quarter. Geode Capital Management LLC increased its stake in Palladyne AI by 172.9% during the second quarter. Geode Capital Management LLC now owns 592,640 shares of the company’s stock valued at $5,133,000 after purchasing an additional 375,440 shares during the last quarter. Vanguard Group Inc. increased its stake in Palladyne AI by 26.0% during the third quarter. Vanguard Group Inc. now owns 1,528,052 shares of the company’s stock valued at $13,126,000 after purchasing an additional 315,660 shares during the last quarter. Raymond James Financial Inc. increased its stake in Palladyne AI by 96.5% during the third quarter. Raymond James Financial Inc. now owns 412,586 shares of the company’s stock valued at $3,544,000 after purchasing an additional 202,571 shares during the last quarter. Finally, Cadent Capital Advisors LLC bought a new stake in Palladyne AI during the third quarter valued at $1,494,000. Institutional investors own 26.02% of the company’s stock.

Key Palladyne AI News

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

• Positive Sentiment: Northland Securities reiterated an “Outperform” rating and published detailed multi‑quarter EPS forecasts with a $10 price target, providing a bullish analyst anchor that can support upside. The report includes FY2026/FY2027 estimates and quarterly EPS paths that investors can use to model upside vs. current valuation. MarketBeat: Northland research on PDYN
• Positive Sentiment: Industry tailwind commentary — a MarketBeat piece on the drone/edge‑AI sector highlights accelerating demand driven by edge AI, swarming tech and rising defense budgets, which could boost Palladyne’s end markets and investor sentiment about long‑term growth potential. The Arms Race Has Gone Airborne: What Investors Need to Know
• Neutral Sentiment: Zacks Research upgraded PDYN to a “Hold” — a mild positive signal but not a strong catalyst on its own since “Hold” is a neutral stance versus a prior unknown. Zacks.com
• Neutral Sentiment: Short‑interest data reported is effectively meaningless (shows 0 shares / NaN change), so there’s no clear short pressure signal to explain price moves today.
• Negative Sentiment: An outlet reported a reduced price target (-14.29% to $12.24), which can create headline risk and weigh on sentiment despite other bullish analyst views. PDYN price target decreased to $12.24
• Negative Sentiment: Technicals: the share price sits below both the 50‑day and 200‑day moving averages, a signal some traders view as short‑term weakness that could limit momentum until a clear breakout occurs.

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.