Palantir Technologies Inc. $PLTR Holdings Trimmed by KDT Advisors LLC

KDT Advisors LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 50.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,600 shares of the company’s stock after selling 3,600 shares during the period. KDT Advisors LLC’s holdings in Palantir Technologies were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth about $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,557,750 shares of company stock worth $239,713,896. Insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PLTR shares. Bank of America increased their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Piper Sandler raised their price objective on Palantir Technologies from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $142.00.

Palantir Technologies Trading Up 3.0%

NASDAQ:PLTR opened at $200.47 on Monday. The stock has a market capitalization of $475.58 billion, a PE ratio of 668.26, a price-to-earnings-growth ratio of 10.87 and a beta of 2.63. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $204.18. The firm’s 50 day moving average is $174.75 and its 200 day moving average is $151.19.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. Research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies 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.