Palantir Technologies Inc. $PLTR Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 50.3% during the 3rd quarter, Holdings Channel reports. The firm owned 15,861 shares of the company’s stock after selling 16,059 shares during the period. Dakota Wealth Management’s holdings in Palantir Technologies were worth $2,893,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PLTR. LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $29,000. Zeit Capital LLC acquired a new stake in Palantir Technologies during the second quarter valued at approximately $30,000. Financial Consulate Inc. bought a new stake in Palantir Technologies during the third quarter worth approximately $30,000. Finally, GS Investments Inc. acquired a new position in shares of Palantir Technologies in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. The trade was a 20.72% 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 David A. Glazer sold 17,438 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the transaction, the insider owned 392,370 shares in the company, valued at $52,467,716.40. This represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,054,279 shares of company stock worth $142,212,233. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies News Summary

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

Palantir Technologies Stock Down 1.3%

PLTR stock opened at $128.84 on Wednesday. The company has a 50 day moving average of $162.65 and a two-hundred day moving average of $170.75. The company has a market cap of $307.08 billion, a price-to-earnings ratio of 204.51, a PEG ratio of 2.51 and a beta of 1.64. 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 announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PLTR. Royal Bank Of Canada upped their target price on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. DA Davidson dropped their target price 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. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target for the company in a research report on Tuesday, February 3rd. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Weiss Ratings lowered Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $191.05.

View Our Latest Research Report on Palantir Technologies

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

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

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