Crewe Advisors LLC Sells 452 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Crewe Advisors LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 818 shares of the company’s stock after selling 452 shares during the quarter. Crewe Advisors LLC’s holdings in Palantir Technologies were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Czech National Bank acquired a new position in Palantir Technologies in the third quarter valued at about $15,261,000. GAMMA Investing LLC grew its stake in Palantir Technologies by 83.9% in the third quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock valued at $213,000 after acquiring an additional 2,607 shares during the period. Diversified Trust Co grew its stake in Palantir Technologies by 172.7% in the third quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock valued at $802,000 after acquiring an additional 13,652 shares during the period. Dynamic Advisor Solutions LLC grew its stake in Palantir Technologies by 23.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 79,563 shares of the company’s stock valued at $2,960,000 after acquiring an additional 15,270 shares during the period. Finally, Strategic Wealth Partners Ltd. grew its stake in Palantir Technologies by 4.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 19,580 shares of the company’s stock valued at $728,000 after acquiring an additional 772 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $111.28 on Friday. The company’s 50 day simple moving average is $75.56 and its 200 day simple moving average is $52.26. The stock has a market capitalization of $253.50 billion, a price-to-earnings ratio of 556.43, a price-to-earnings-growth ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $111.55.

Palantir Technologies (NASDAQ:PLTR) last announced 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. The business had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. The trade was a 87.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on PLTR shares. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Jefferies Financial Group boosted their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday. DA Davidson upped their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. Cantor Fitzgerald upped their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wedbush upped their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $69.44.

About Palantir Technologies

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.