Look, I know you're probably tired of hearing about random drones buzzing around New Jersey (let’s be real, it’s probably just Bezos testing Prime Air), but something cool actually just happened in the drone world. Palladyne AI  just taught their drones to be elite-level stalkers, and Wall Street is absolutely losing their minds.

Palladyne's AI can now spot a moving target and make the drone follow it around autonomously. Think of it like giving a drone the persistence of a toddler asking for a snack with the tracking skills of a Navy SEAL. The stock is up an eye-watering 228% in just a week, which is the kind of gain that makes Palantir fans jealous.

The military angle on this is especially juicy. Palladyne has a strategic partnership with Red Cat Holdings, a key player in the U.S. Army’s Short Range Reconnaissance (SRR) program. Redcat's already got their Teal 2 drones approved for government use, and now they're testing Palladyne's AI with them. If the Palladyne Pilot becomes the standard for Teal drones under this program, it could open the floodgates to massive government contracts.

Dr. Denis Garagic, Palladyne's CTO (and apparent drone whisperer), says they'll have this tech ready to sell by early 2025. It’s a big deal because they're bringing military-grade drone smarts to the masses without the military-grade price tag. We're talking about drones that can do the same fancy tracking stuff as the multi-million dollar ones, but without costing more than your house.

Industry experts note that while drone sightings have become as common as celebrity NFT launches in 2021, Palladyne's breakthrough could revolutionize commercial drone applications. The Redcat partnership positions them particularly well in the defense sector, where autonomous capabilities are in high demand. "This isn't just another Silicon Valley pipe dream," says Tech Analyst Sarah Chen. "They've demonstrated real capabilities that could transform everything from military reconnaissance to infrastructure inspection."

However, some market veterans urge caution, noting that the stock's meteoric rise mirrors patterns seen in previous tech bubbles. "Yes, the technology is impressive," admits veteran tech investor Mark Thompson, "but at some point, gravity always wins… both for drones and stock prices."

The ownership breakdown is pretty interesting too. Regular folks (yes, probably including some WSB warriors) own 53% of the company, while insiders hold 33%. That's actually a good sign… the people making the tech are betting big on their own success.

So, is this a good investment? The technology looks legit, and the Redcat partnership could be huge for getting government contracts. Plus, the insiders own a big chunk, which usually means they believe in what they're selling. BUT (and this is a big but), the stock is up 228% in a week. That's the kind of move that usually ends with someone crying into their keyboard. If you're thinking about investing, maybe wait for a pullback.

P.S. Our "Insider Trade Tracker" recently flagged Peter Anevski, CEO & Director of Progyny, dropping $3 MILLION on his own company’s stock. That’s the kind of stinking rich confidence you don’t see every day… and exactly why our tool is a must-have for spotting where the smart money is moving in real time. Oh, and while we’re at it, we just ranked #23 for free News Apps, ahead of The Washington Post, CNN, Bloomberg, and more. 🎉 Wanna see what else we’re tracking? Become a Stocks.News premium member today. Or, no pressure… feel free to keep enjoying our free articles. Your call. 😉

Stock.News has positions in Palladyne, Red Cat, Amazon, and Reddit mentioned in article.