Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its position in Palantir Technologies Inc. (NYSE:PLTR) by 73.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,659 shares of the company’s stock after selling 20,669 shares during the quarter. GSA Capital Partners LLP’s holdings in Palantir Technologies were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $25,000. Farmers & Merchants Investments Inc. bought a new position in Palantir Technologies during the 2nd quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in Palantir Technologies in the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Palantir Technologies in the second quarter worth $30,000. Finally, Beacon Capital Management LLC increased its stake in shares of Palantir Technologies by 269.5% during the first quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock valued at $35,000 after acquiring an additional 1,105 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PLTR shares. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Northland Securities lifted their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Wedbush upped their price target on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $31.71.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 14,016 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.67, for a total transaction of $429,870.72. Following the completion of the sale, the insider now directly owns 576,023 shares in the company, valued at approximately $17,666,625.41. This represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 1,620,395 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $406,583,028.18. This represents a 20.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,167,451 shares of company stock worth $1,603,067,889 over the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 4.9 %

Palantir Technologies stock opened at $64.35 on Friday. The business has a 50-day moving average of $45.94 and a 200-day moving average of $33.39. The firm has a market capitalization of $146.59 billion, a P/E ratio of 321.77 and a beta of 2.70. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $66.00.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same period in the prior year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Research analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS 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.