16,115 Shares in Palladyne AI Corp. (NASDAQ:PDYN) Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. acquired a new position in Palladyne AI Corp. (NASDAQ:PDYN) in the third quarter, Holdings Channel reports. The fund acquired 16,115 shares of the company’s stock, valued at approximately $29,000.

Separately, Pursue Wealth Partners LLC purchased a new position in shares of Palladyne AI in the 3rd quarter worth approximately $168,000. Institutional investors own 26.02% of the company’s stock.

Palladyne AI Stock Up 12.8 %

PDYN stock opened at $3.53 on Friday. The firm has a market cap of $106.30 million, a PE ratio of -1.63 and a beta of 4.26. The business has a 50 day moving average of $3.13 and a 200-day moving average of $2.26. Palladyne AI Corp. has a 12-month low of $0.45 and a 12-month high of $7.93.

Insiders Place Their Bets

In related news, Director Dennis M. Weibling bought 215,053 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of $2.20 per share, for a total transaction of $473,116.60. Following the completion of the purchase, the director now directly owns 389,884 shares in the company, valued at $857,744.80. The trade was a 123.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 12.00% of the company’s stock.

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.