David J Yvars Group Has $278,000 Stock Holdings in Palantir Technologies Inc. $PLTR

David J Yvars Group lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 87.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,525 shares of the company’s stock after selling 10,824 shares during the quarter. David J Yvars Group’s holdings in Palantir Technologies were worth $278,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lionshead Wealth Management LLC boosted its holdings in Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after purchasing an additional 56 shares during the period. Ellenbecker Investment Group boosted its stake in shares of Palantir Technologies by 3.6% in the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after buying an additional 57 shares during the period. Traveka Wealth LLC boosted its stake in shares of Palantir Technologies by 1.6% in the third quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock valued at $674,000 after buying an additional 57 shares during the period. Market Street Wealth Management Advisors LLC grew its position in Palantir Technologies by 4.0% during the third quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company’s stock worth $281,000 after buying an additional 59 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in Palantir Technologies by 3.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 1,837 shares of the company’s stock worth $335,000 after acquiring an additional 60 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $178.96 on Wednesday. The stock has a market cap of $426.54 billion, a price-to-earnings ratio of 426.11, a P/E/G ratio of 4.51 and a beta of 1.54. The company has a 50 day simple moving average of $178.42 and a 200 day simple moving average of $171.40. Palantir Technologies Inc. has a 1 year low of $65.19 and a 1 year high of $207.52.

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

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the transaction, the insider owned 251,409 shares in the company, valued at $40,818,765.24. This trade represents a 12.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,023,444 shares of company stock worth $167,394,629. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Monday, December 29th. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Mizuho upped their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada lifted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $175.88.

Check Out Our Latest Stock Report on Palantir Technologies

Key Stories Impacting Palantir Technologies

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Palantir Technologies 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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