Vestmark Advisory Solutions Inc. Sells 119,841 Shares of Palantir Technologies Inc. $PLTR

Vestmark Advisory Solutions Inc. lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 56.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,589 shares of the company’s stock after selling 119,841 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Palantir Technologies were worth $16,708,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the fourth quarter valued at $450,000. Bison Wealth LLC grew its holdings in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its stake 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 buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. increased its holdings in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after acquiring an additional 1,694 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its stake in Palantir Technologies by 2.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,412 shares of the company’s stock valued at $1,010,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. 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 research report on Wednesday, November 12th. DA Davidson lowered their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Finally, Northland Securities raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $191.05.

View Our Latest Research Report on Palantir Technologies

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $181.35, for a total transaction of $616,590.00. Following the completion of the transaction, the director directly owned 58,687 shares in the company, valued at $10,642,887.45. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the transaction, the insider directly owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,100 shares of company stock worth $10,576,379 in the last 90 days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 0.3%

Palantir Technologies stock opened at $135.24 on Friday. The stock has a market cap of $322.34 billion, a P/E ratio of 214.67, a PEG ratio of 2.60 and a beta of 1.64. The company has a 50-day moving average price of $164.88 and a 200 day moving average price of $171.58. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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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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