114,426 Shares in Palladyne AI Corp. $PDYN Acquired by EntryPoint Capital LLC

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 acquired a new stake in Palladyne AI Corp. (NASDAQ:PDYN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 114,426 shares of the company's stock, valued at approximately $673,000. Palladyne AI accounts for about 0.3% of EntryPoint Capital LLC's portfolio, making the stock its 29th largest position. EntryPoint Capital LLC owned about 0.32% of Palladyne AI at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Millennium Management LLC acquired a new stake in Palladyne AI in the 4th quarter valued at about $134,000. Raymond James Financial Inc. bought a new stake in Palladyne AI in the fourth quarter valued at approximately $645,000. Jane Street Group LLC acquired a new stake in shares of Palladyne AI in the fourth quarter valued at approximately $1,054,000. Dimensional Fund Advisors LP bought a new position in shares of Palladyne AI during the 4th quarter worth approximately $126,000. Finally, Soviero Asset Management LP acquired a new position in shares of Palladyne AI during the 4th quarter worth approximately $1,227,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Denis Garagic sold 14,809 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $7.42, for a total transaction of $109,882.78. Following the sale, the chief technology officer directly owned 584,859 shares of the company's stock, valued at approximately $4,339,653.78. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kristi Martindale sold 6,406 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $7.42, for a total value of $47,532.52. Following the completion of the transaction, the insider owned 312,236 shares in the company, valued at $2,316,791.12. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,963 shares of company stock valued at $200,065. 13.40% of the stock is owned by company insiders.

Palladyne AI Price Performance

Palladyne AI stock traded up $0.0060 during midday trading on Monday, hitting $7.6760. The company's stock had a trading volume of 728,520 shares, compared to its average volume of 3,181,505. Palladyne AI Corp. has a 1-year low of $1.38 and a 1-year high of $14.95. The company has a 50-day moving average price of $8.68 and a two-hundred day moving average price of $7.66. The company has a market cap of $322.00 million, a price-to-earnings ratio of -4.11 and a beta of 3.76.

Analyst Ratings Changes

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