Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its holdings in shares of Palantir Technologies Inc. (NYSE:PLTRFree Report) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,676 shares of the company’s stock after selling 2,530 shares during the period. AdvisorNet Financial Inc’s holdings in Palantir Technologies were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fiduciary Alliance LLC lifted its position in Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after purchasing an additional 618 shares during the period. Founders Financial Securities LLC increased its holdings in Palantir Technologies by 4.7% in the third quarter. Founders Financial Securities LLC now owns 15,369 shares of the company’s stock valued at $246,000 after buying an additional 690 shares in the last quarter. Truvestments Capital LLC increased its holdings in Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in Palantir Technologies by 6.1% in the fourth quarter. Everhart Financial Group Inc. now owns 12,730 shares of the company’s stock valued at $219,000 after buying an additional 734 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in Palantir Technologies by 4.3% in the third quarter. Yousif Capital Management LLC now owns 18,227 shares of the company’s stock valued at $292,000 after buying an additional 750 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 0.6 %

Shares of NYSE PLTR opened at $22.73 on Wednesday. Palantir Technologies Inc. has a 12-month low of $7.28 and a 12-month high of $27.50. The stock has a market cap of $50.30 billion, a PE ratio of 252.58, a P/E/G ratio of 5.61 and a beta of 2.78. The company has a 50-day moving average of $22.87 and a 200 day moving average of $19.26.

Palantir Technologies (NYSE:PLTRGet Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The business had revenue of $608.35 million for the quarter, compared to analysts’ expectations of $603.48 million. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the transaction, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total value of $2,640,000.00. Following the transaction, the insider now directly owns 181,460 shares in the company, valued at approximately $3,992,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $25.10, for a total transaction of $125,500.00. Following the completion of the transaction, the director now owns 181,830 shares in the company, valued at $4,563,933. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,451,273 shares of company stock valued at $184,229,502. Corporate insiders own 13.96% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $35.00 price objective (up previously from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Mizuho boosted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Wednesday, February 14th. Raymond James boosted their target price on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.35.

Read Our Latest Analysis on Palantir Technologies

About Palantir Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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