Palantir Technologies Inc. $PLTR Shares Sold by Clarity Financial LLC

Clarity Financial LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 22.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,119 shares of the company’s stock after selling 49,900 shares during the period. Palantir Technologies comprises about 3.1% of Clarity Financial LLC’s portfolio, making the stock its 9th largest holding. Clarity Financial LLC’s holdings in Palantir Technologies were worth $31,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Global Wealth Strategies & Associates raised its holdings in Palantir Technologies by 36.1% during the third quarter. Global Wealth Strategies & Associates now owns 230 shares of the company’s stock worth $42,000 after acquiring an additional 61 shares in the last quarter. Accuvest Global Advisors raised its stake in shares of Palantir Technologies by 0.7% during the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock worth $1,232,000 after purchasing an additional 63 shares in the last quarter. Ignite Planners LLC raised its stake in shares of Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after purchasing an additional 66 shares in the last quarter. Hummer Financial Advisory Services Inc boosted its holdings in shares of Palantir Technologies by 4.2% in the 3rd quarter. Hummer Financial Advisory Services Inc now owns 1,720 shares of the company’s stock valued at $314,000 after buying an additional 70 shares during the last quarter. Finally, Christensen King & Associates Investment Services Inc. grew its stake in shares of Palantir Technologies by 1.3% in the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after buying an additional 72 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on PLTR shares. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. UBS Group raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Finally, Citigroup lifted their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $172.28.

View Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Stock Up 4.1%

Shares of PLTR stock opened at $193.38 on Friday. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52. The company has a market capitalization of $460.91 billion, a PE ratio of 460.44, a price-to-earnings-growth ratio of 7.50 and a beta of 1.49. The firm has a 50 day moving average price of $179.74 and a two-hundred day moving average price of $165.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Trending Headlines about Palantir Technologies

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Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the transaction, the insider directly owned 47,044 shares in the company, valued at approximately $7,409,430. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 9,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the transaction, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,008,844 shares of company stock valued at $164,750,951 in the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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

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