GSA Capital Partners LLP Cuts Stake in Palantir Technologies Inc. $PLTR

GSA Capital Partners LLP cut its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 79.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,591 shares of the company’s stock after selling 13,822 shares during the quarter. GSA Capital Partners LLP’s holdings in Palantir Technologies were worth $655,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies during the second quarter worth approximately $27,000. Delos Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth $29,000. Zeit Capital LLC purchased a new stake in shares of Palantir Technologies during the second quarter worth $30,000. Financial Consulate Inc. purchased a new stake in shares of Palantir Technologies during the third quarter worth $30,000. Finally, GS Investments Inc. acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $31,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. The Goldman Sachs Group dropped their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Truist Financial initiated coverage on Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price on the stock. HSBC raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Tuesday, February 3rd. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada upped their target price on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $191.05.

Read Our Latest Report on Palantir Technologies

Palantir Technologies Stock Up 0.3%

Shares of NASDAQ PLTR opened at $135.24 on Monday. The business’s 50 day moving average is $164.88 and its two-hundred day moving average is $171.52. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The firm has a market cap of $322.34 billion, a price-to-earnings ratio of 214.67, a PEG ratio of 2.60 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was up 70.0% on a year-over-year basis. Analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 12,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 9,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Insiders sold 24,800 shares of company stock valued at $4,526,436 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Trending Headlines about Palantir Technologies

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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

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

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