Steigerwald Gordon & Koch Inc. Sells 10,000 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Steigerwald Gordon & Koch Inc. cut its stake in Palantir Technologies Inc. (NYSE:PLTR) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the company’s stock after selling 10,000 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Palantir Technologies were worth $1,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elo Mutual Pension Insurance Co boosted its position in Palantir Technologies by 6.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 161,134 shares of the company’s stock worth $2,767,000 after purchasing an additional 9,445 shares during the last quarter. Empirical Capital Management LLC bought a new position in Palantir Technologies in the 4th quarter worth $2,627,000. Coatue Management LLC grew its position in shares of Palantir Technologies by 285.6% in the 4th quarter. Coatue Management LLC now owns 3,447,363 shares of the company’s stock worth $59,191,000 after buying an additional 2,553,432 shares during the period. Cantor Fitzgerald L. P. bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $2,454,000. Finally, Bayesian Capital Management LP raised its holdings in shares of Palantir Technologies by 2.1% during the fourth quarter. Bayesian Capital Management LP now owns 176,800 shares of the company’s stock valued at $3,036,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PLTR shares. Monness Crespi & Hardt cut their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. DA Davidson increased their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price objective for the company. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Wedbush lifted their target price on Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average target price of $27.29.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $39.95, for a total transaction of $799,000.00. Following the completion of the sale, the insider now owns 562,006 shares of the company’s stock, valued at approximately $22,452,139.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $232,011,546.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $39.95, for a total transaction of $799,000.00. Following the completion of the sale, the insider now owns 562,006 shares in the company, valued at $22,452,139.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,831,855 shares of company stock valued at $649,330,295 in the last quarter. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock traded up $0.30 during mid-day trading on Thursday, reaching $43.43. The stock had a trading volume of 27,008,297 shares, compared to its average volume of 57,209,070. The stock’s 50-day simple moving average is $33.35 and its 200-day simple moving average is $27.16. The firm has a market capitalization of $96.71 billion, a PE ratio of 360.92 and a beta of 2.72. Palantir Technologies Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $43.47.

Palantir Technologies (NYSE:PLTR) last posted its earnings results 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). The firm had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Palantir Technologies 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.