Evolution Wealth Advisors LLC Has $10.17 Million Stake in Palantir Technologies Inc. $PLTR

Evolution Wealth Advisors LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,739 shares of the company’s stock after selling 4,356 shares during the quarter. Palantir Technologies comprises 1.4% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Evolution Wealth Advisors LLC’s holdings in Palantir Technologies were worth $10,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the second quarter worth approximately $25,000. Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $28,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at $29,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $170.96 on Friday. The business has a 50-day simple moving average of $178.13 and a two-hundred day simple moving average of $171.73. The company has a market capitalization of $407.47 billion, a P/E ratio of 407.06, a price-to-earnings-growth ratio of 4.45 and a beta of 1.54. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. UBS Group raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Northland Securities raised their target price on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. DA Davidson increased their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $175.88.

Check Out Our Latest Stock Analysis on Palantir Technologies

More Palantir Technologies News

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Insider Activity

In other news, insider Stephen Andrew Cohen sold 308,635 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the sale, the insider owned 592 shares in the company, valued at $97,082.08. This represents a 99.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 1,023,444 shares of company stock worth $167,394,629. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Profile

(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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