N.E.W. Advisory Services LLC Sells 3,096 Shares of Palantir Technologies Inc. $PLTR

N.E.W. Advisory Services LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,277 shares of the company’s stock after selling 3,096 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Palantir Technologies were worth $3,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC lifted its holdings in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Palantir Technologies by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,518,805 shares of the company’s stock worth $297,021,000 after acquiring an additional 122,802 shares in the last quarter. Finally, Ethic Inc. increased its stake in Palantir Technologies by 8.0% in the first quarter. Ethic Inc. now owns 88,972 shares of the company’s stock valued at $7,534,000 after acquiring an additional 6,612 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,252 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the sale, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 39,136 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $6,115,000.00. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $92,500. This represents a 98.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,008,844 shares of company stock valued at $164,676,161 in the last quarter. 9.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PLTR shares. Bank of America upped their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. DA Davidson upped their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Finally, CICC Research increased their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $183.57 on Friday. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The company’s 50 day moving average price is $179.31 and its 200-day moving average price is $163.62. The stock has a market capitalization of $437.53 billion, a price-to-earnings ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.