David J Yvars Group Has $278,000 Position in Palantir Technologies Inc. $PLTR

David J Yvars Group lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 87.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,525 shares of the company’s stock after selling 10,824 shares during the period. David J Yvars Group’s holdings in Palantir Technologies were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PLTR. Vanguard Group Inc. increased its position in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. State Street Corp boosted its stake in shares of Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after purchasing an additional 6,097,629 shares during the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies during the second quarter worth $3,307,457,000. Invesco Ltd. raised its stake in Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after buying an additional 2,838,300 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in Palantir Technologies during the second quarter worth $2,543,888,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on PLTR shares. Bank of America upped their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Morgan Stanley upped their target price on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Northland Securities lifted their target price on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Finally, HSBC boosted their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $175.88.

Get Our Latest Stock Report on Palantir Technologies

Palantir Technologies Stock Performance

PLTR stock opened at $178.96 on Wednesday. The stock’s 50 day simple moving average is $178.42 and its 200 day simple moving average is $171.40. The company has a market cap of $426.54 billion, a P/E ratio of 426.11, a price-to-earnings-growth ratio of 4.51 and a beta of 1.54. Palantir Technologies Inc. has a fifty-two week low of $65.19 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 62.8% on a year-over-year basis. Equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the transaction, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction dated 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 owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This represents a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 in the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

More Palantir Technologies News

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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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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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