Palantir Technologies Inc. $PLTR Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 50.0% during the third quarter, HoldingsChannel.com reports. The fund owned 3,700 shares of the company’s stock after selling 3,700 shares during the period. Westerkirk Capital Inc.’s holdings in Palantir Technologies were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the fourth quarter worth $450,000. Bison Wealth LLC boosted its holdings in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC grew its position in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after purchasing an additional 1,694 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in Palantir Technologies in the 2nd quarter worth about $50,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

More Palantir Technologies News

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Palantir Technologies Stock Performance

Shares of PLTR stock opened at $135.24 on Monday. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The company has a market capitalization of $322.34 billion, a price-to-earnings ratio of 214.67, a PEG ratio of 2.60 and a beta of 1.64. The stock’s 50 day simple moving average is $164.88 and its 200 day simple moving average is $171.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 70.0% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLTR. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 target price on the stock in a research note on Wednesday, February 18th. Daiwa Securities Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Tuesday, February 10th. Northland Securities raised Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Tuesday, February 3rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $191.05.

Get Our Latest Stock Report on PLTR

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 12,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the sale, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the transaction, the insider owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 24,800 shares of company stock valued at $4,526,436 in the last 90 days. 12.93% of the stock is currently owned by insiders.

About Palantir Technologies

(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.

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

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