ORG Partners LLC Has $2.67 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

ORG Partners LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,355 shares of the company’s stock after selling 2,971 shares during the period. ORG Partners LLC’s holdings in Palantir Technologies were worth $2,674,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at about $25,000. Prestige Wealth Management Group LLC grew its holdings in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Palantir Technologies in the 2nd quarter worth approximately $30,000. Ashburton Jersey Ltd acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $36,000. Finally, Creekmur Asset Management LLC boosted its position in shares of Palantir Technologies by 46.0% in the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock valued at $40,000 after acquiring an additional 335 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.9 %

Shares of Palantir Technologies stock traded down $1.97 during mid-day trading on Friday, reaching $66.26. 30,275,756 shares of the stock were exchanged, compared to its average volume of 75,062,242. The company has a market cap of $150.94 billion, a price-to-earnings ratio of 331.32, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The firm has a 50-day simple moving average of $68.42 and a 200 day simple moving average of $45.38.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Activity

In other news, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This trade represents a 87.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $45.00, for a total value of $5,550,030.00. Following the sale, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,638,189 shares of company stock worth $1,443,945,933. 12.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLTR. DA Davidson boosted their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Bank of America upped their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Wedbush lifted their target price on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Morgan Stanley reaffirmed an “underweight” rating and issued a $60.00 price target on shares of Palantir Technologies in a report on Monday. Finally, Mizuho lifted their price objective on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $42.12.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.