Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC reduced its stake in Palantir Technologies Inc. (NYSE:PLTR) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,796 shares of the company’s stock after selling 2,157 shares during the period. Palantir Technologies makes up about 0.5% of Greenwich Wealth Management LLC’s holdings, making the stock its 26th largest holding. Greenwich Wealth Management LLC’s holdings in Palantir Technologies were worth $8,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of PLTR. State of Alaska Department of Revenue increased its holdings in shares of Palantir Technologies by 22.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after acquiring an additional 68,945 shares during the last quarter. Heritage Wealth Management Inc. CA purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $1,076,000. Cyndeo Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at $6,339,000. Seven Grand Managers LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at $930,000. Finally, Dock Street Asset Management Inc. raised its stake in Palantir Technologies by 23.4% during the 3rd quarter. Dock Street Asset Management Inc. now owns 998,953 shares of the company’s stock worth $37,161,000 after acquiring an additional 189,189 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLTR shares. Royal Bank of Canada restated an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 6th. Northland Securities assumed coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. Citigroup upped their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Bank of America lifted their target price on Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, The Goldman Sachs Group upped their price target on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.86.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $232,011,546.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.07, for a total value of $162,315,000.00. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $232,011,546.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,204,508 shares of company stock worth $802,654,666 over the last quarter. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 0.9 %

Shares of PLTR stock traded up $0.36 during trading hours on Friday, hitting $41.92. The company’s stock had a trading volume of 33,722,521 shares, compared to its average volume of 56,077,969. The business has a fifty day moving average of $37.98 and a 200-day moving average of $29.50. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $45.14. The stock has a market cap of $93.88 billion, a price-to-earnings ratio of 246.59 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue was up 27.2% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

About Palantir Technologies

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.