Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Diversified Trust Co

Diversified Trust Co lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,865 shares of the company’s stock after selling 694 shares during the quarter. Diversified Trust Co’s holdings in Palantir Technologies were worth $1,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New Hampshire raised its stake in Palantir Technologies by 25.9% in the 4th quarter. Bank of New Hampshire now owns 2,015 shares of the company’s stock valued at $152,000 after purchasing an additional 415 shares during the last quarter. Advance Capital Management Inc. acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $405,000. Fortem Financial Group LLC raised its position in shares of Palantir Technologies by 1.0% in the fourth quarter. Fortem Financial Group LLC now owns 75,430 shares of the company’s stock valued at $5,705,000 after buying an additional 710 shares during the last quarter. Iowa State Bank purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $2,222,000. Finally, Kings Path Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $76,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.12.

Palantir Technologies Stock Performance

PLTR stock opened at $68.23 on Thursday. The firm has a market cap of $155.43 billion, a P/E ratio of 341.17, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The stock has a 50-day simple moving average of $67.89 and a 200-day simple moving average of $45.22.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter last year, the company earned $0.03 earnings per share. Palantir Technologies’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the sale, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,645,510 shares of company stock valued at $1,444,267,325. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.