Natixis Advisors LLC Sells 5,750 Shares of Palantir Technologies Inc. $PLTR

by · The Markets Daily

Natixis Advisors LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,285,401 shares of the company’s stock after selling 5,750 shares during the quarter. Natixis Advisors LLC’s holdings in Palantir Technologies were worth $228,480,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Strategic Advisors LLC raised its holdings in Palantir Technologies by 553.7% in the fourth quarter. Strategic Advisors LLC now owns 10,707 shares of the company’s stock worth $1,903,000 after purchasing an additional 9,069 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in Palantir Technologies by 11.2% in the fourth quarter. 3Chopt Investment Partners LLC now owns 2,600 shares of the company’s stock worth $462,000 after purchasing an additional 261 shares in the last quarter. Allen Investment Management LLC raised its holdings in Palantir Technologies by 5.9% in the fourth quarter. Allen Investment Management LLC now owns 99,720 shares of the company’s stock worth $17,727,000 after purchasing an additional 5,550 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Palantir Technologies by 237.7% during the fourth quarter. Root Financial Partners LLC now owns 22,563 shares of the company’s stock valued at $4,011,000 after acquiring an additional 15,881 shares in the last quarter. Finally, Old Peak Finance LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at $1,475,000. Institutional investors own 45.65% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a report on Thursday, May 21st. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a report on Tuesday, May 5th. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Tuesday, February 3rd. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Finally, UBS Group lifted their price objective on Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Get Our Latest Analysis on PLTR

Insider Activity

In other news, insider David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares of the company’s stock, valued at $51,047,921.68. The trade was a 4.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 922,524 shares of company stock worth $125,501,302. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 2.6%

PLTR stock opened at $160.65 on Tuesday. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52. The stock has a market cap of $385.13 billion, a P/E ratio of 180.51, a PEG ratio of 2.48 and a beta of 1.52. The business’s 50-day moving average price is $141.80 and its 200-day moving average price is $155.65.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 84.7% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

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.

Further Reading

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