Have Insiders Sold Palladyne AI Shares Recently?

We note that the Palladyne AI Corp. (NASDAQ:PDYN) Co- Founder & CTO, Denis Garagic, recently sold US$80k worth of stock for US$5.11 per share. However we note that the sale only shrunk their holding by 2.7%.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

Palladyne AI Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Marc Olivier, for US$7.0m worth of shares, at about US$12.42 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$5.16. So it may not tell us anything about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid US$1.6m for 377.11k shares. But insiders sold 2.37m shares worth US$17m. Over the last year we saw more insider selling of Palladyne AI shares, than buying. They sold for an average price of about US$7.23. It is certainly not great to see that insiders have sold shares in the company. But we note that the selling, on average, was at well above the recently traded price of US$5.16. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Palladyne AI

I will like Palladyne AI better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 25% of Palladyne AI shares, worth about US$55m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Palladyne AI Insiders?

Our data shows a little more insider selling than buying in the last three months. But the difference is small, and thus, not concerning. Recent sales exacerbate our caution arising from analysis of Palladyne AI insider transactions. The modest level of insider ownership is, at least, some comfort. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 5 warning signs for Palladyne AI (1 is a bit unpleasant!) and we strongly recommend you look at these before investing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.