Harel Insurance Investments & Financial Services Ltd. Lowers Position in Palantir Technologies Inc. $PLTR

Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 19.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,490 shares of the company’s stock after selling 7,076 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Palantir Technologies were worth $5,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Decker Retirement Planning Inc. boosted its holdings in Palantir Technologies by 778.7% during the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after acquiring an additional 54,347 shares during the period. Vanguard Group Inc. increased its stake in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Truist Financial Corp lifted its position in Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares during the last quarter. Prentice Wealth Management LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at approximately $550,000. Finally, Watershed Private Wealth LLC grew its holdings in shares of Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,350 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 15,557 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the completion of the transaction, the insider owned 415,612 shares of the company’s stock, valued at approximately $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the sale, the insider directly owned 251,409 shares in the company, valued at $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,023,444 shares of company stock valued at $167,394,629 in the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR opened at $170.96 on Friday. The company has a 50-day simple moving average of $178.13 and a two-hundred day simple moving average of $172.02. The firm has a market capitalization of $407.47 billion, a PE ratio of 407.06, a price-to-earnings-growth ratio of 4.30 and a beta of 1.54. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted 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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. DA Davidson raised their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Citigroup upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $210.00 to $235.00 in a report on Monday, January 12th. Finally, CICC Research upped their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $175.88.

Read Our Latest Report on Palantir Technologies

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About Palantir Technologies

(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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