Toth Financial Advisory Corp Sells 2,653 Shares of Palantir Technologies Inc. $PLTR

Toth Financial Advisory Corp trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 68.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,213 shares of the company’s stock after selling 2,653 shares during the quarter. Toth Financial Advisory Corp’s holdings in Palantir Technologies were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth $450,000. Bison Wealth LLC grew its holdings in Palantir Technologies by 37.4% in 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 increased its position in shares of Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares during the period. Capital Analysts LLC increased its position in shares of Palantir Technologies by 97.1% in the first quarter. Capital Analysts LLC now owns 406 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Finally, CW Advisors LLC raised its stake in shares of Palantir Technologies by 157.8% during the first quarter. CW Advisors LLC now owns 22,075 shares of the company’s stock valued at $1,914,000 after acquiring an additional 13,512 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $105,410,476.14. This represents a 18.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,008,844 shares of company stock worth $164,750,951 over the last 90 days. 9.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLTR shares. Robert W. Baird boosted their price target on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Bank of America boosted their target price on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald upped their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. DA Davidson raised their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $172.28.

View Our Latest Stock Analysis on PLTR

Key Headlines Impacting Palantir Technologies

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Palantir Technologies Stock Up 4.1%

NASDAQ PLTR opened at $193.38 on Friday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The firm has a market capitalization of $460.91 billion, a PE ratio of 460.44, a P/E/G ratio of 7.50 and a beta of 1.49. The stock’s 50 day moving average is $179.74 and its 200 day moving average is $165.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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