Denis Garagic Sells 12,945 Shares of Palladyne AI (NASDAQ:PDYN) Stock

Palladyne AI Corp. (NASDAQ:PDYN) CTO Denis Garagic sold 12,945 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $7.55, for a total value of $97,734.75. Following the completion of the sale, the chief technology officer owned 592,284 shares of the company’s stock, valued at $4,471,744.20. This trade represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Palladyne AI Stock Performance

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

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

Hedge Funds Weigh In On Palladyne AI

Several large investors have recently modified their holdings of PDYN. Quarry LP acquired a new stake in shares of Palladyne AI during the 3rd quarter worth about $28,000. Osaic Holdings Inc. lifted its position in Palladyne AI by 94.3% in the second quarter. Osaic Holdings Inc. now owns 5,098 shares of the company’s stock valued at $44,000 after buying an additional 2,474 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Palladyne AI during the second quarter worth about $51,000. Russell Investments Group Ltd. purchased a new position in Palladyne AI during the third quarter worth about $61,000. Finally, Virtu Financial LLC acquired a new stake in shares of Palladyne AI during the third quarter valued at about $86,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Palladyne AI from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Jefferies Financial Group boosted 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. 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Palladyne AI currently has an average rating of “Hold” and a consensus price target of $8.00.

Key Palladyne AI News

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

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. 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.