Other large investors have also recently made changes to their positions in the company. CX Institutional purchased a new position in Palantir Technologies in the second quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new position in Palantir Technologies in the second quarter valued at approximately $41,000. Quadrant Capital Group LLC increased its stake in Palantir Technologies by 39.3% in the second quarter. Quadrant Capital Group LLC now owns 4,694 shares of the company’s stock valued at $43,000 after purchasing an additional 1,324 shares during the last quarter. Crewe Advisors LLC increased its stake in Palantir Technologies by 316.4% in the second quarter. Crewe Advisors LLC now owns 4,809 shares of the company’s stock valued at $44,000 after purchasing an additional 3,654 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its stake in Palantir Technologies by 26.1% in the second quarter. Tradition Wealth Management LLC now owns 5,002 shares of the company’s stock valued at $45,000 after purchasing an additional 1,034 shares during the last quarter. 31.90% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PLTR. Credit Suisse Group reissued a “neutral” rating and issued a $11.00 price objective on shares of Palantir Technologies in a report on Wednesday. Jefferies Financial Group downgraded Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $9.00 to $7.50 in a report on Thursday, January 5th. Morgan Stanley decreased their price objective on Palantir Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, December 19th. Wolfe Research downgraded Palantir Technologies from a “peer perform” rating to an “underperform” rating and set a $4.50 price objective for the company. in a report on Wednesday, December 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Palantir Technologies from $7.00 to $6.00 and set a “sell” rating for the company in a report on Monday, January 23rd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.77.
Insider Activity
In other news, insider Stephen Andrew Cohen sold 139,580 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $7.17, for a total value of $1,000,788.60. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $4,244.64. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Stephen Andrew Cohen sold 139,580 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $7.17, for a total value of $1,000,788.60. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $4,244.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 809,398 shares of the firm’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $7.00, for a total value of $5,665,786.00. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $45,025,806. The disclosure for this sale can be found here. Insiders sold a total of 1,085,739 shares of company stock worth $7,651,502 over the last 90 days. 13.71% of the stock is currently owned by corporate insiders.
Palantir Technologies Trading Down 4.0 %
NYSE:PLTR opened at $9.71 on Friday. The stock has a fifty day moving average price of $7.22 and a two-hundred day moving average price of $7.84. Palantir Technologies Inc. has a 1 year low of $5.84 and a 1 year high of $14.86.
Palantir Technologies (NYSE:PLTR – Get Rating) last released its quarterly earnings data on Monday, February 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $508.62 million during the quarter, compared to analysts’ expectations of $504.84 million. Palantir Technologies had a negative return on equity of 12.24% and a negative net margin of 19.61%. Palantir Technologies’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 earnings per share. Equities analysts anticipate that Palantir Technologies Inc. will post -0.06 earnings per share for the current year.
Palantir Technologies Profile
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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
See Also
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