Palladyne AI Corp. (NASDAQ:PDYN) Director Acquires $74,800.00 in Stock

Palladyne AI Corp. (NASDAQ:PDYNGet Free Report) Director Dennis M. Weibling purchased 55,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $1.36 per share, with a total value of $74,800.00. Following the completion of the acquisition, the director now directly owns 229,831 shares of the company’s stock, valued at $312,570.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Palladyne AI Price Performance

Shares of PDYN opened at $1.60 on Friday. Palladyne AI Corp. has a 52-week low of $0.40 and a 52-week high of $3.25.

Palladyne AI (NASDAQ:PDYNGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter. Palladyne AI had a negative return on equity of 74.87% and a negative net margin of 1,390.02%. The firm had revenue of $0.75 million for the quarter.

About Palladyne AI

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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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