Palantir Technologies Inc. $PLTR Stake Lowered by Oak Thistle LLC

by · The Markets Daily

Oak Thistle LLC trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 87.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,726 shares of the company’s stock after selling 53,454 shares during the quarter. Oak Thistle LLC’s holdings in Palantir Technologies were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. CICC Research increased their price objective on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Daiwa Capital Markets raised their target price on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, Mizuho increased their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $172.28.

View Our Latest Research Report on Palantir Technologies

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 359,325 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,054,825,989.42. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at $105,410,476.14. This represents a 18.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,008,844 shares of company stock valued at $164,750,951. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $177.29 on Thursday. The stock has a market cap of $422.56 billion, a price-to-earnings ratio of 422.13, a PEG ratio of 7.28 and a beta of 1.49. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The stock’s 50 day moving average price is $179.37 and its 200 day moving average price is $164.85.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.09 billion. During the same period last year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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