Palantir Technologies Inc. $PLTR Stock Holdings Lowered by Seed Wealth Management Inc.

Seed Wealth Management Inc. cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 77.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the company’s stock after selling 14,613 shares during the period. Seed Wealth Management Inc.’s holdings in Palantir Technologies were worth $766,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp increased its stake in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares during the period. Prentice Wealth Management LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at approximately $550,000. State of Michigan Retirement System lifted its position in Palantir Technologies by 1.3% in the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after buying an additional 12,300 shares in the last quarter. Finally, Presilium Private Wealth LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at $204,000. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider directly owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 359,325 shares of Palantir Technologies stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,008,844 shares of company stock worth $164,750,951 in the last ninety days. 9.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Northland Securities raised their price target on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. HSBC lifted their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. CICC Research boosted their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $172.28.

Get Our Latest Stock Report on PLTR

Key Palantir Technologies News

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

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $193.95 on Friday. The stock’s 50 day simple moving average is $180.96 and its 200 day simple moving average is $167.26. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The company has a market capitalization of $462.27 billion, a price-to-earnings ratio of 461.80, a PEG ratio of 7.53 and a beta of 1.49.

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

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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