Palantir Technologies Inc. (NYSE:PLTR) is Sargent Investment Group LLC’s 5th Largest Position

Sargent Investment Group LLC lessened its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 533,367 shares of the company’s stock after selling 13,797 shares during the period. Palantir Technologies comprises approximately 3.6% of Sargent Investment Group LLC’s investment portfolio, making the stock its 5th biggest holding. Sargent Investment Group LLC’s holdings in Palantir Technologies were worth $19,841,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Summit Securities Group LLC acquired a new position in Palantir Technologies in the 2nd quarter worth about $25,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Palantir Technologies during the second quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Palantir Technologies in the second quarter valued at approximately $30,000. Finally, Beacon Capital Management LLC raised its position in Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after buying an additional 1,105 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total transaction of $617,800.00. Following the transaction, the director now directly owns 1,510,630 shares in the company, valued at $46,663,360.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Heather A. Planishek sold 14,016 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $30.67, for a total value of $429,870.72. Following the completion of the sale, the insider now owns 576,023 shares of the company’s stock, valued at approximately $17,666,625.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the transaction, the director now directly owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,399,238 shares of company stock valued at $1,041,851,557 in the last quarter. 12.93% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group increased their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a report on Thursday, November 7th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.71.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $1.87 during trading on Thursday, hitting $58.83. The company’s stock had a trading volume of 24,310,270 shares, compared to its average volume of 57,785,672. The company has a fifty day simple moving average of $41.90 and a two-hundred day simple moving average of $31.45. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $63.39. The company has a market capitalization of $131.75 billion, a PE ratio of 295.61 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up 30.0% on a year-over-year basis. As a group, analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current 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.