Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Patron Partners LLC

Patron Partners LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 24.0% in the fourth quarter, HoldingsChannel reports. The fund owned 6,250 shares of the company’s stock after selling 1,971 shares during the period. Patron Partners LLC’s holdings in Palantir Technologies were worth $473,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of PLTR. Clay Northam Wealth Management LLC increased its stake in Palantir Technologies by 25.2% in the 4th quarter. Clay Northam Wealth Management LLC now owns 10,404 shares of the company’s stock worth $787,000 after purchasing an additional 2,095 shares in the last quarter. Trust Point Inc. purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $419,000. Childress Capital Advisors LLC purchased a new position in Palantir Technologies during the 4th quarter worth approximately $372,000. Vantage Point Financial LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at $428,000. Finally, Optas LLC lifted its holdings in shares of Palantir Technologies by 2.3% in the fourth quarter. Optas LLC now owns 8,580 shares of the company’s stock valued at $649,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $55.03, for a total value of $247,635,000.00. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $353,967,157.74. This trade represents a 41.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,153,753 shares of company stock worth $1,287,042,675 in the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 1.5 %

Shares of PLTR opened at $83.74 on Tuesday. The stock has a market cap of $190.76 billion, a PE ratio of 418.72, a PEG ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $16.48 and a 1 year high of $85.22. The stock has a 50 day simple moving average of $73.71 and a 200-day simple moving average of $51.00.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue was up 30.0% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. Morgan Stanley restated an “underweight” rating and set a $60.00 price objective on shares of Palantir Technologies in a research report on Monday, January 6th. Mizuho boosted their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research report on Friday, December 13th. Robert W. Baird started coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 target price for the company. The Goldman Sachs Group increased their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, DA Davidson boosted their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.61.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.