State Street Corp Makes New $91,000 Investment in Palladyne AI Corp. (NASDAQ:PDYN)

State Street Corp bought a new stake in shares of Palladyne AI Corp. (NASDAQ:PDYN) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 50,593 shares of the company’s stock, valued at approximately $91,000.

Separately, Pursue Wealth Partners LLC bought a new position in shares of Palladyne AI in the 3rd quarter valued at approximately $168,000. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palladyne AI

In other Palladyne AI news, Director Dennis M. Weibling purchased 215,053 shares of the stock in a transaction dated Thursday, October 31st. The shares were bought at an average cost of $2.20 per share, with a total value of $473,116.60. Following the completion of the transaction, the director now owns 389,884 shares in the company, valued at $857,744.80. This trade represents a 123.01 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.00% of the stock is owned by corporate insiders.

Palladyne AI Stock Performance

PDYN opened at $10.31 on Friday. Palladyne AI Corp. has a twelve month low of $0.45 and a twelve month high of $14.95. The business has a 50 day moving average price of $4.55 and a 200 day moving average price of $2.78. The firm has a market cap of $310.45 million, a P/E ratio of -4.77 and a beta of 3.90.

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.