GSA Capital Partners LLP Sells 20,669 Shares of Palantir Technologies Inc. (NYSE:PLTR)

GSA Capital Partners LLP lessened its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 73.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,659 shares of the company’s stock after selling 20,669 shares during the period. GSA Capital Partners LLP’s holdings in Palantir Technologies were worth $285,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in shares of Palantir Technologies by 22.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after acquiring an additional 68,945 shares during the last quarter. Tyler Stone Wealth Management boosted its position in shares of Palantir Technologies by 97.9% in the third quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company’s stock valued at $7,515,000 after acquiring an additional 99,921 shares during the period. Heritage Wealth Management Inc. CA purchased a new position in Palantir Technologies during the third quarter worth about $1,076,000. Cyndeo Wealth Partners LLC purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $6,339,000. Finally, Seven Grand Managers LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $930,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Heather A. Planishek sold 14,016 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $30.67, for a total value of $429,870.72. Following the completion of the transaction, the insider now owns 576,023 shares of the company’s stock, valued at approximately $17,666,625.41. This represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 155,539 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the transaction, the insider now owns 331,369 shares of the company’s stock, valued at approximately $11,604,542.38. This trade represents a 31.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,167,451 shares of company stock valued at $1,603,067,889. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 4.9 %

Palantir Technologies stock opened at $64.35 on Friday. The firm has a market capitalization of $146.59 billion, a PE ratio of 321.77 and a beta of 2.70. The firm has a 50-day moving average price of $45.94 and a 200-day moving average price of $33.39. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $66.00.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Citigroup increased their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Monness Crespi & Hardt decreased their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. Mizuho lifted their price target on shares of Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 5th. Finally, Bank of America increased their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.71.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.