Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,579 shares of the company’s stock after selling 1,250 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Palantir Technologies were worth $1,254,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Palantir Technologies by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after acquiring an additional 278,544 shares during the period. Blair William & Co. IL lifted its position in shares of Palantir Technologies by 18.4% during the second quarter. Blair William & Co. IL now owns 61,927 shares of the company’s stock worth $1,569,000 after purchasing an additional 9,623 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Palantir Technologies in the second quarter valued at $330,000. Thrivent Financial for Lutherans grew its holdings in Palantir Technologies by 20.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock valued at $1,336,000 after purchasing an additional 9,109 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the sale, the director now directly owns 130,250 shares in the company, valued at approximately $6,576,322.50. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the transaction, the insider now owns 331,369 shares in the company, valued at $14,911,605. This represents a 27.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTR. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Friday, January 17th. They set a “neutral” rating and a $72.00 price objective for the company. The Goldman Sachs Group upped their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Northland Securities raised their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a report on Thursday, November 7th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.78.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $73.07 on Wednesday. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80. The company has a 50-day simple moving average of $70.72 and a 200-day simple moving average of $47.79. The firm has a market capitalization of $166.45 billion, a P/E ratio of 365.37, a P/E/G ratio of 6.66 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Palantir Technologies Company 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.