Palantir Technologies Inc. $PLTR Shares Sold by one8zero8 LLC

one8zero8 LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,477 shares of the company’s stock after selling 8,295 shares during the period. Palantir Technologies makes up approximately 1.1% of one8zero8 LLC’s portfolio, making the stock its 19th biggest holding. one8zero8 LLC’s holdings in Palantir Technologies were worth $5,195,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLTR. Vanguard Group Inc. raised its position in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after acquiring an additional 6,097,629 shares during the period. Norges Bank purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $3,307,457,000. Invesco Ltd. increased its stake in shares of Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after acquiring an additional 2,838,300 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Palantir Technologies by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,042,239 shares of the company’s stock worth $1,914,238,000 after acquiring an additional 427,840 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLTR. Bank of America raised their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Morgan Stanley increased their target price on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Robert W. Baird lifted their price target on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Jefferies Financial Group set a $208.00 price objective on Palantir Technologies in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $184.07.

View Our Latest Report on PLTR

Palantir Technologies Price Performance

PLTR opened at $157.35 on Thursday. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52. The stock has a market cap of $375.03 billion, a P/E ratio of 374.65, a P/E/G ratio of 4.17 and a beta of 1.54. The stock’s 50 day simple moving average is $176.37 and its 200 day simple moving average is $173.58.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 3,400 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $616,590.00. Following the sale, the director directly owned 58,687 shares of the company’s stock, valued at approximately $10,642,887.45. This represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 12,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 239,409 shares of the company’s stock, valued at $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,023,444 shares of company stock worth $167,394,629. 12.93% of the stock is owned by company insiders.

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.

Further Reading

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

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