Cannell & Co. Has $615,000 Position in Palantir Technologies Inc. (NYSE:PLTR)

Cannell & Co. lessened its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,812 shares of the company’s stock after selling 10,000 shares during the quarter. Cannell & Co.’s holdings in Palantir Technologies were worth $615,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. bought a new stake in Palantir Technologies during the 4th quarter worth approximately $27,000. Truvestments Capital LLC grew its holdings in Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Palantir Technologies by 1,197.4% during the 4th quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company’s stock worth $35,000 after acquiring an additional 1,856 shares during the last quarter. GAMMA Investing LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $33,000. Finally, Provence Wealth Management Group acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $34,000. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the sale, the director now owns 191,783 shares in the company, valued at approximately $4,777,314.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 32,828 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total transaction of $851,886.60. Following the completion of the sale, the insider now owns 662,006 shares in the company, valued at approximately $17,179,055.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the sale, the director now owns 191,783 shares of the company’s stock, valued at approximately $4,777,314.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,456,273 shares of company stock worth $184,343,202. 13.96% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 0.7 %

Palantir Technologies stock opened at $22.12 on Thursday. Palantir Technologies Inc. has a 12-month low of $7.28 and a 12-month high of $27.50. The firm’s fifty day moving average is $23.38 and its 200 day moving average is $20.16. The company has a market capitalization of $48.95 billion, a PE ratio of 245.81, a PEG ratio of 5.39 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Sell-side analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent analyst reports. Raymond James boosted their price target on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Mizuho boosted their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research report on Wednesday, February 14th. Wedbush restated an “outperform” rating and issued a $35.00 price target (up previously from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Finally, Citigroup upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $10.00 to $20.00 in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.35.

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.