Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in Palantir Technologies Inc. (NYSE:PLTR) by 43.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,389 shares of the company’s stock after selling 132,226 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Palantir Technologies were worth $4,291,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Palantir Technologies by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after acquiring an additional 6,466,596 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Palantir Technologies by 183.3% during the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after purchasing an additional 102,479 shares in the last quarter. Accel Wealth Management purchased a new position in shares of Palantir Technologies in the first quarter valued at approximately $360,000. ProShare Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $262,000. Finally, OneAscent Wealth Management LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $210,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Peter Thiel sold 4,254,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $36.77, for a total value of $156,444,068.82. Following the completion of the sale, the director now owns 51,234,275 shares in the company, valued at $1,883,884,291.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Lauren Elaina Friedman Stat sold 6,655 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $38.17, for a total transaction of $254,021.35. Following the transaction, the director now owns 145,625 shares of the company’s stock, valued at $5,558,506.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter Thiel sold 4,254,666 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $36.77, for a total value of $156,444,068.82. Following the sale, the director now directly owns 51,234,275 shares of the company’s stock, valued at $1,883,884,291.75. The disclosure for this sale can be found here. Insiders have sold 9,644,559 shares of company stock worth $346,929,762 in the last quarter. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Up 1.0 %

Shares of Palantir Technologies stock opened at $37.20 on Tuesday. The company has a fifty day simple moving average of $31.61 and a 200-day simple moving average of $26.42. The stock has a market cap of $83.31 billion, a price-to-earnings ratio of 310.03 and a beta of 2.72. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $38.19.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same quarter in the prior year, the company earned $0.01 EPS. The business’s revenue was up 27.2% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PLTR shares. Monness Crespi & Hardt dropped their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. DA Davidson boosted their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Northland Securities began coverage on Palantir Technologies in a research report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Finally, Mizuho cut shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and raised their target price for the company from $21.00 to $22.00 in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $27.29.

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.