Evolution Wealth Advisors LLC Sells 4,356 Shares of Palantir Technologies Inc. $PLTR

Evolution Wealth Advisors LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 7.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,739 shares of the company’s stock after selling 4,356 shares during the period. Palantir Technologies makes up 1.4% of Evolution Wealth Advisors LLC’s holdings, making the stock its 18th biggest holding. Evolution Wealth Advisors LLC’s holdings in Palantir Technologies were worth $10,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Lionshead Wealth Management LLC raised its position in shares of Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after buying an additional 56 shares in the last quarter. Ellenbecker Investment Group increased its stake in Palantir Technologies by 3.6% in the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after acquiring an additional 57 shares during the last quarter. Traveka Wealth LLC raised its position in Palantir Technologies by 1.6% during the third quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock valued at $674,000 after purchasing an additional 57 shares in the last quarter. Market Street Wealth Management Advisors LLC lifted its stake in Palantir Technologies by 4.0% during the third quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company’s stock worth $281,000 after purchasing an additional 59 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 3.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 1,837 shares of the company’s stock valued at $335,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $170.96 on Friday. The company has a 50 day simple moving average of $178.13 and a 200 day simple moving average of $171.73. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The firm has a market cap of $407.47 billion, a PE ratio of 407.06, a price-to-earnings-growth ratio of 4.45 and a beta of 1.54.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $97,082.08. The trade was a 99.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander C. Karp sold 359,325 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This trade represents a 5.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,023,444 shares of company stock worth $167,394,629 over the last 90 days. Company insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial started coverage on Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price target for the company. Mizuho boosted their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Finally, DA Davidson raised their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $175.88.

Get Our Latest Analysis on Palantir Technologies

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.

Featured Articles

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)

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.