Ensign Peak Advisors Inc Sells 32,277 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Ensign Peak Advisors Inc decreased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,978,317 shares of the company’s stock after selling 32,277 shares during the quarter. Ensign Peak Advisors Inc owned about 0.09% of Palantir Technologies worth $50,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PLTR. Evolution Wealth Advisors LLC boosted its stake in Palantir Technologies by 0.5% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after purchasing an additional 360 shares during the last quarter. First Horizon Advisors Inc. raised its position in Palantir Technologies by 2.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock valued at $386,000 after buying an additional 379 shares during the last quarter. Gradient Investments LLC lifted its stake in Palantir Technologies by 21.4% during the 2nd quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock valued at $58,000 after acquiring an additional 406 shares in the last quarter. Apella Capital LLC lifted its stake in Palantir Technologies by 3.7% during the 2nd quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock valued at $323,000 after acquiring an additional 416 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Palantir Technologies by 1.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after acquiring an additional 416 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Citigroup increased their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Bank of America lifted their target price on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Mizuho lowered Palantir Technologies from a “neutral” rating to an “underperform” rating and upped their target price for the company from $21.00 to $22.00 in a report on Tuesday, July 16th. Northland Securities began coverage on Palantir Technologies in a research report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target for the company. Finally, Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $26.79.

Palantir Technologies Stock Up 1.0 %

NYSE PLTR opened at $37.20 on Friday. The firm has a market cap of $83.31 billion, a P/E ratio of 310.03 and a beta of 2.72. The company’s 50 day moving average is $30.57 and its 200-day moving average is $25.90. Palantir Technologies Inc. has a 12-month low of $13.68 and a 12-month high of $37.35.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $28.97, for a total transaction of $57,940.00. Following the sale, the director now directly owns 69,039 shares in the company, valued at $2,000,059.83. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.07, for a total value of $162,315,000.00. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 2,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $28.97, for a total value of $57,940.00. Following the transaction, the director now owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,383,238 shares of company stock valued at $190,231,672. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.