Palantir Technologies Inc. $PLTR Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. reduced its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 56.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,589 shares of the company’s stock after selling 119,841 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Palantir Technologies were worth $16,708,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. increased its position in Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after purchasing an additional 54,347 shares during the last quarter. Vanguard Group Inc. increased its holdings in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the last quarter. Prentice Wealth Management LLC bought a new position in Palantir Technologies during the third quarter valued at approximately $550,000. Watershed Private Wealth LLC lifted its stake in Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after acquiring an additional 3,350 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after acquiring an additional 12,300 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Key Palantir Technologies News

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

Palantir Technologies Trading Up 0.3%

Palantir Technologies stock opened at $135.24 on Friday. The company has a market cap of $322.34 billion, a PE ratio of 214.67, a PEG ratio of 2.60 and a beta of 1.64. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The company’s 50-day moving average is $164.88 and its two-hundred day moving average is $171.58.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. Research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the subject of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target for the company in a research report on Wednesday. Daiwa Securities Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, February 10th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Argus raised Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $191.05.

Get Our Latest Analysis on Palantir Technologies

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 12,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the completion of the sale, the insider owned 239,409 shares of the company’s stock, valued at approximately $43,416,822.15. The trade was a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the transaction, the insider directly owned 47,044 shares in the company, valued at $7,409,430. This trade represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 62,100 shares of company stock worth $10,576,379. Company insiders own 9.23% of the company’s stock.

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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