Equities research analysts at Alliance Global Partners began coverage on shares of Palladyne AI (NASDAQ:PDYN – Get Free Report) in a research report issued on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $15.00 price target on the stock. Alliance Global Partners’ price objective indicates a potential upside of 63.40% from the stock’s current price.
Palladyne AI Trading Down 2.7 %
Palladyne AI stock opened at $9.18 on Monday. Palladyne AI has a 1-year low of $0.45 and a 1-year high of $14.95. The firm has a market cap of $276.41 million, a P/E ratio of -4.25 and a beta of 3.90. The firm has a 50-day moving average of $6.61 and a 200-day moving average of $3.56.
Insider Activity
In related news, Director Dennis M. Weibling bought 215,053 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of $2.20 per share, with a total value of $473,116.60. Following the purchase, the director now owns 389,884 shares of the company’s stock, valued at approximately $857,744.80. This trade represents a 123.01 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.00% of the company’s stock.
Institutional Trading of Palladyne AI
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.
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