Retirement Planning Group LLC Reduces Stake in Palantir Technologies Inc. $PLTR

Retirement Planning Group LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 26.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,377 shares of the company’s stock after selling 6,258 shares during the quarter. Retirement Planning Group LLC’s holdings in Palantir Technologies were worth $3,170,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC increased its stake in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC raised its position in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Palantir Technologies by 1.1% in the 2nd quarter. Wesbanco Bank Inc. now owns 10,066 shares of the company’s stock valued at $1,372,000 after purchasing an additional 110 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $327,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 0.3%

Palantir Technologies stock opened at $178.96 on Wednesday. The firm has a market capitalization of $426.54 billion, a P/E ratio of 426.11, a P/E/G ratio of 4.51 and a beta of 1.54. Palantir Technologies Inc. has a twelve month low of $65.19 and a twelve month high of $207.52. The stock’s fifty day simple moving average is $178.42 and its 200-day simple moving average is $171.40.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate 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. Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider owned 47,044 shares of the company’s stock, valued at $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was 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 $76,899,626.49. This trade represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,023,444 shares of company stock valued at $167,394,629. 12.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on PLTR shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Daiwa Capital Markets boosted their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. CICC Research upped their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Bank of America increased their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Truist Financial assumed coverage on Palantir Technologies in a research report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $175.88.

Read Our Latest Analysis on PLTR

Key Palantir Technologies News

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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.

Featured Stories

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

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