Kraematon Investment Advisors Inc. Sells 2,000 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Kraematon Investment Advisors Inc. lessened its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 12.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,075 shares of the company’s stock after selling 2,000 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Palantir Technologies were worth $357,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of Palantir Technologies by 11.5% in the 4th quarter. Allworth Financial LP now owns 8,885 shares of the company’s stock valued at $153,000 after buying an additional 914 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Palantir Technologies by 7.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 233,054 shares of the company’s stock valued at $4,088,000 after acquiring an additional 15,624 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Palantir Technologies by 6.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,967 shares of the company’s stock valued at $789,000 after acquiring an additional 2,604 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Palantir Technologies by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 54,650 shares of the company’s stock worth $938,000 after purchasing an additional 1,469 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Palantir Technologies by 9.7% in the 4th quarter. International Assets Investment Management LLC now owns 168,653 shares of the company’s stock valued at $2,896,000 after purchasing an additional 14,952 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NYSE:PLTR traded up $0.73 during mid-day trading on Friday, reaching $30.01. 88,131,106 shares of the company’s stock were exchanged, compared to its average volume of 48,413,612. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $30.36. The business’s fifty day simple moving average is $25.97 and its two-hundred day simple moving average is $23.69. The firm has a market capitalization of $66.83 billion, a PE ratio of 250.10, a price-to-earnings-growth ratio of 6.14 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 9.24%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday. HSBC lifted their target price on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th. Citigroup increased their price target on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a report on Tuesday, August 6th. Finally, DA Davidson upped their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.14.

Insiders Place Their Bets

In related news, insider Heather A. Planishek sold 2,398 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Heather A. Planishek sold 2,398 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total transaction of $51,077.40. Following the sale, the insider now owns 639,696 shares in the company, valued at approximately $13,625,524.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the transaction, the insider now owns 298,012 shares of the company’s stock, valued at $8,749,632.32. The disclosure for this sale can be found here. Insiders have sold a total of 164,396 shares of company stock worth $4,389,707 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.