Defender Capital LLC. Has $24.53 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Defender Capital LLC. lowered its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 16.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 659,369 shares of the company’s stock after selling 129,848 shares during the period. Palantir Technologies accounts for 8.1% of Defender Capital LLC.’s portfolio, making the stock its 5th biggest holding. Defender Capital LLC.’s holdings in Palantir Technologies were worth $24,529,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Heritage Wealth Management Inc. CA acquired a new stake in Palantir Technologies in the third quarter worth about $1,076,000. Cyndeo Wealth Partners LLC acquired a new stake in Palantir Technologies in the third quarter worth about $6,339,000. Seven Grand Managers LLC acquired a new stake in Palantir Technologies in the third quarter worth about $930,000. Perpetual Ltd acquired a new stake in Palantir Technologies in the third quarter worth about $483,000. Finally, Friedenthal Financial acquired a new stake in Palantir Technologies in the third quarter worth about $836,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the transaction, the director now owns 65,989 shares in the company, valued at $1,744,089.27. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated 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 owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 3,050 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the completion of the transaction, the director now owns 65,989 shares in the company, valued at $1,744,089.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,747,176 shares of company stock worth $646,951,347 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PLTR. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $9.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 6th. Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price objective for the company. Jefferies Financial Group upped their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 29th. DA Davidson upped their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Wedbush upped their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $27.86.

Palantir Technologies Trading Down 0.5 %

PLTR stock opened at $42.47 on Tuesday. Palantir Technologies Inc. has a one year low of $14.48 and a one year high of $44.39. The firm has a market capitalization of $94.58 billion, a PE ratio of 355.75 and a beta of 2.72. The firm has a 50-day moving average of $35.87 and a two-hundred day moving average of $28.28.

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 firm had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same period in the prior year, the company posted $0.01 earnings per share. Palantir Technologies’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share 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.