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

Clear Harbor Asset Management LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.0% during the 4th quarter, HoldingsChannel.com reports. 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 reporting period.

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

Palantir Technologies Trading Up 1.8 %

Shares of NASDAQ:PLTR opened at $73.07 on Wednesday. The stock has a market capitalization of $166.45 billion, a PE ratio of 365.37, a P/E/G ratio of 6.66 and a beta of 2.82. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The firm has a fifty day moving average price of $70.72 and a 200 day moving average price of $47.79.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the prior year, the company posted $0.03 EPS. The firm’s revenue was up 30.0% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $45.00, for a total value of $5,550,030.00. Following the transaction, the insider now directly owns 331,369 shares in the company, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. The trade was a 34.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last 90 days. Insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of analyst reports. DA Davidson lifted their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Northland Securities boosted their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. 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 research note on Thursday, November 7th. Robert W. Baird started coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 target price on the stock. Finally, Wedbush increased their target price on Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.78.

About Palantir Technologies

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.