EntryPoint Capital LLC Purchases New Shares in Palladyne AI Corp. $PDYN

Key Points

• EntryPoint Capital LLC acquired 114,426 shares of Palladyne AI Corp., valued at approximately $673,000, making it the firm’s 29th largest position.
• Institutional investors collectively own about 26.02% of Palladyne AI's stock, with several firms acquiring new positions recently totaling over $400,000.
• Palladyne AI's stock has experienced significant price fluctuations, boasting a fifty-two week low of $1.38 and a high of $14.95, and has a current market capitalization of $299.52 million.

EntryPoint Capital LLC purchased a new stake in Palladyne AI Corp. (NASDAQ:PDYN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 114,426 shares of the company's stock, valued at approximately $673,000. Palladyne AI accounts for approximately 0.3% of EntryPoint Capital LLC's investment portfolio, making the stock its 29th biggest position. EntryPoint Capital LLC owned 0.32% of Palladyne AI as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of Palladyne AI in the 1st quarter valued at $35,000. Dimensional Fund Advisors LP acquired a new stake in Palladyne AI during the 4th quarter worth about $126,000. Cubist Systematic Strategies LLC acquired a new stake in Palladyne AI during the 4th quarter worth about $129,000. Millennium Management LLC acquired a new stake in Palladyne AI during the 4th quarter worth about $134,000. Finally, Man Group plc acquired a new stake in Palladyne AI during the 4th quarter worth about $149,000. Institutional investors and hedge funds own 26.02% of the company's stock.

Palladyne AI Price Performance

PDYN opened at $7.14 on Wednesday. Palladyne AI Corp. has a fifty-two week low of $1.38 and a fifty-two week high of $14.95. The business has a 50-day moving average of $8.74 and a 200-day moving average of $7.68. The company has a market capitalization of $299.52 million, a PE ratio of -3.82 and a beta of 3.76.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Palladyne AI from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $15.00.

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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