Palantir Technologies Inc. $PLTR Shares Sold by Spirepoint Private Client LLC

Spirepoint Private Client LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200,507 shares of the company’s stock after selling 6,675 shares during the quarter. Palantir Technologies comprises about 3.8% of Spirepoint Private Client LLC’s investment portfolio, making the stock its 4th largest holding. Spirepoint Private Client LLC’s holdings in Palantir Technologies were worth $36,576,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the second quarter worth about $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies during the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $28,000. Finally, Delos Wealth Advisors LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at $29,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLTR. Mizuho lifted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets lifted their target price on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Robert W. Baird raised their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley boosted their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $172.28.

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Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Insider Buying and Selling

In other news, insider David A. Glazer sold 9,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the sale, the insider directly owned 413,639 shares in the company, valued at $76,899,626.49. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 39,136 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $6,115,000.00. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at approximately $92,500. The trade was a 98.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,008,044 shares of company stock valued at $164,601,839. 9.23% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $174.04 on Tuesday. The business’s fifty day moving average price is $180.57 and its 200 day moving average price is $169.74. The firm has a market capitalization of $414.81 billion, a PE ratio of 414.39, a P/E/G ratio of 4.22 and a beta of 1.54. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company’s revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

See Also

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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