Palantir Technologies Inc. $PLTR Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. reduced its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,536 shares of the company’s stock after selling 3,709 shares during the period. Benjamin Edwards Inc.’s holdings in Palantir Technologies were worth $15,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies during the second quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth approximately $28,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the second quarter worth $29,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Insider Buying and Selling

In related news, insider Shyam Sankar sold 19,004 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the completion of the sale, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. This represents a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,023,444 shares of company stock valued at $167,394,629 in the last three months. 9.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. HSBC boosted their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Monday, December 29th. Mizuho lifted their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, Bank of America boosted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $174.69.

Check Out Our Latest Research Report on Palantir Technologies

Palantir Technologies Stock Down 2.7%

Shares of PLTR stock opened at $176.86 on Friday. The company has a market cap of $421.54 billion, a P/E ratio of 421.11, a PEG ratio of 4.57 and a beta of 1.54. The business has a 50 day moving average of $179.67 and a two-hundred day moving average of $170.17. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52.

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

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.

See Also

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

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