Amalgamated Bank Sells 7,786 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Amalgamated Bank decreased its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 213,567 shares of the company’s stock after selling 7,786 shares during the quarter. Amalgamated Bank’s holdings in Palantir Technologies were worth $3,667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Truvestments Capital LLC raised its stake in Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. Pacifica Partners Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $33,000. Provence Wealth Management Group purchased a new stake in Palantir Technologies in the third quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in Palantir Technologies in the third quarter worth $35,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the sale, the director now owns 1,595,519 shares in the company, valued at $35,133,328.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the director now owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at $18,819,650. The disclosure for this sale can be found here. Insiders have sold a total of 7,201,273 shares of company stock worth $178,418,102 in the last ninety days. Insiders own 13.96% of the company’s stock.

Palantir Technologies Stock Down 1.9 %

Shares of NYSE PLTR opened at $21.14 on Friday. The firm’s 50-day moving average price is $23.28 and its 200-day moving average price is $20.36. Palantir Technologies Inc. has a 52-week low of $9.02 and a 52-week high of $27.50. The company has a market cap of $46.78 billion, a PE ratio of 234.91, a PEG ratio of 5.72 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR) last issued its earnings results 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). The company had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday. Raymond James upped their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Royal Bank of Canada lifted their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday. Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. Finally, HSBC boosted their target price on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.65.

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.