Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Creative Planning

Creative Planning lowered its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 329,685 shares of the company’s stock after selling 7,925 shares during the period. Creative Planning’s holdings in Palantir Technologies were worth $12,264,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PLTR. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $25,000. West Paces Advisors Inc. increased its holdings in shares of Palantir Technologies by 110.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after buying an additional 620 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Palantir Technologies in the second quarter valued at approximately $30,000. Finally, Ashburton Jersey Ltd purchased a new position in Palantir Technologies in the second quarter worth approximately $36,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the transaction, the director now owns 65,989 shares of the company’s stock, valued at $1,744,089.27. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the completion of the transaction, the director now directly owns 65,989 shares of the company’s stock, valued at $1,744,089.27. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,747,176 shares of company stock worth $646,951,347. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Monness Crespi & Hardt decreased their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Bank of America upped their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $27.86.

Palantir Technologies Price Performance

Shares of NYSE PLTR opened at $42.69 on Tuesday. The company has a market cap of $95.07 billion, a price-to-earnings ratio of 355.75 and a beta of 2.72. The stock’s 50-day moving average is $35.87 and its two-hundred day moving average is $28.28. Palantir Technologies Inc. has a 1-year low of $14.48 and a 1-year high of $44.39.

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

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.