Two Sigma Investments LP Buys Shares of 15,135 Palladyne AI Corp. (NASDAQ:PDYN)

Two Sigma Investments LP purchased a new position in shares of Palladyne AI Corp. (NASDAQ:PDYN) in the fourth quarter, HoldingsChannel reports. The fund purchased 15,135 shares of the company’s stock, valued at approximately $186,000.

A number of other large investors have also recently bought and sold shares of the company. Man Group plc acquired a new stake in shares of Palladyne AI in the fourth quarter valued at approximately $149,000. OMERS ADMINISTRATION Corp acquired a new position in Palladyne AI during the fourth quarter worth $301,000. Millennium Management LLC bought a new position in Palladyne AI in the fourth quarter valued at $134,000. Cubist Systematic Strategies LLC acquired a new stake in Palladyne AI in the 4th quarter valued at $129,000. Finally, 683 Capital Management LLC acquired a new stake in Palladyne AI in the 4th quarter valued at $417,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Palladyne AI Price Performance

Shares of NASDAQ:PDYN opened at $8.62 on Friday. The company’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $7.16. Palladyne AI Corp. has a one year low of $1.38 and a one year high of $14.95. The stock has a market capitalization of $303.60 million, a PE ratio of -3.99 and a beta of 3.80.

Insider Activity at Palladyne AI

In other news, CFO Trevor Thatcher sold 10,919 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $5.82, for a total transaction of $63,548.58. Following the transaction, the chief financial officer now directly owns 171,720 shares in the company, valued at $999,410.40. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Denis Garagic sold 15,653 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $7.24, for a total transaction of $113,327.72. Following the completion of the sale, the chief technology officer now directly owns 598,668 shares in the company, valued at approximately $4,334,356.32. The trade was a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,068 shares of company stock valued at $279,443. 13.40% of the stock is owned by insiders.

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.