XTX Topco Ltd Acquires Shares of 30,572 Palladyne AI Corp. (NASDAQ:PDYN)

XTX Topco Ltd bought a new stake in Palladyne AI Corp. (NASDAQ:PDYN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,572 shares of the company’s stock, valued at approximately $55,000. XTX Topco Ltd owned approximately 0.11% of Palladyne AI as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new stake in Palladyne AI during the third quarter valued at approximately $29,000. State Street Corp acquired a new stake in shares of Palladyne AI during the 3rd quarter valued at approximately $91,000. Finally, Pursue Wealth Partners LLC bought a new position in Palladyne AI during the third quarter worth $168,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Palladyne AI Price Performance

PDYN stock opened at $3.53 on Monday. The firm has a market cap of $106.30 million, a price-to-earnings ratio of -1.63 and a beta of 4.26. Palladyne AI Corp. has a 1-year low of $0.45 and a 1-year high of $7.93. The firm has a fifty day moving average price of $3.13 and a two-hundred day moving average price of $2.27.

Insider Activity

In related news, Director Dennis M. Weibling acquired 215,053 shares of Palladyne AI stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average price of $2.20 per share, for a total transaction of $473,116.60. Following the transaction, the director now directly owns 389,884 shares of the company’s stock, valued at $857,744.80. This trade represents a 123.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.00% of the company’s stock.

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.