Fairvoy Private Wealth LLC Sells 9,256 Shares of Palantir Technologies Inc. $PLTR

by · The Markets Daily

Fairvoy Private Wealth LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 78.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,589 shares of the company’s stock after selling 9,256 shares during the period. Fairvoy Private Wealth LLC’s holdings in Palantir Technologies were worth $472,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Quotient Wealth Partners LLC grew its position in Palantir Technologies by 2.7% during the 3rd quarter. Quotient Wealth Partners LLC now owns 12,403 shares of the company’s stock worth $2,263,000 after acquiring an additional 329 shares during the last quarter. Abound Wealth Management boosted its stake in shares of Palantir Technologies by 46.1% during the third quarter. Abound Wealth Management now owns 1,185 shares of the company’s stock valued at $216,000 after purchasing an additional 374 shares during the period. Perpetual Ltd boosted its stake in shares of Palantir Technologies by 42.2% during the third quarter. Perpetual Ltd now owns 26,378 shares of the company’s stock valued at $4,812,000 after purchasing an additional 7,828 shares during the period. Focus Financial Network Inc. grew its holdings in shares of Palantir Technologies by 154.4% in the third quarter. Focus Financial Network Inc. now owns 31,252 shares of the company’s stock worth $5,701,000 after purchasing an additional 18,966 shares during the last quarter. Finally, Surience Private Wealth LLC increased its stake in shares of Palantir Technologies by 35.0% in the third quarter. Surience Private Wealth LLC now owns 24,818 shares of the company’s stock worth $4,527,000 after buying an additional 6,432 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 359,325 shares of the stock in a transaction on 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 approximately $1,054,825,989.42. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the sale, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,008,844 shares of company stock worth $164,750,951. 9.23% of the stock is owned by insiders.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $193.38 on Friday. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The company’s 50-day moving average is $179.74 and its 200 day moving average is $165.42. The stock has a market capitalization of $460.91 billion, a P/E ratio of 460.44, a P/E/G ratio of 7.20 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

More Palantir Technologies News

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PLTR shares. Morgan Stanley increased their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Citigroup raised their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $172.28.

Check Out Our Latest Research Report on PLTR

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.

Further Reading

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