Palantir Technologies Inc. $PLTR Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 4.3% during the 3rd quarter, Holdings Channel reports. The fund owned 83,536 shares of the company’s stock after selling 3,709 shares during the period. Benjamin Edwards Inc.’s holdings in Palantir Technologies were worth $15,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of PLTR. Financial Consulate Inc. bought a new stake in shares of Palantir Technologies during the third quarter valued at about $30,000. Retirement Wealth Solutions LLC bought a new position in Palantir Technologies in the 3rd quarter valued at about $31,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at about $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the 2nd quarter worth about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the 2nd quarter worth about $27,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PLTR. Daiwa Capital Markets increased their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Morgan Stanley increased their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Truist Financial began coverage on Palantir Technologies in a research report on Tuesday. They set a “buy” rating and a $223.00 price target on the stock. Finally, HSBC boosted their price objective on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $174.69.

Check Out Our Latest Research Report on PLTR

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the transaction, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $616,590.00. Following the sale, the director directly owned 58,687 shares in the company, valued at approximately $10,642,887.45. This trade represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,023,444 shares of company stock valued at $167,394,629 over the last three months. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Down 2.7%

NASDAQ:PLTR opened at $176.86 on Friday. The stock has a fifty day simple moving average of $179.67 and a 200 day simple moving average of $170.17. The firm has a market capitalization of $421.54 billion, a price-to-earnings ratio of 421.11, a price-to-earnings-growth ratio of 4.57 and a beta of 1.54. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52.

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 the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. Equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Company 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.

See Also

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

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

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