Gamco Investors INC. ET AL Sells 5,538 Shares of Palantir Technologies Inc. $PLTR

Gamco Investors INC. ET AL lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 27.4% during the second quarter, Holdings Channel reports. The firm owned 14,645 shares of the company’s stock after selling 5,538 shares during the period. Gamco Investors INC. ET AL’s holdings in Palantir Technologies were worth $1,996,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PLTR. Accuvest Global Advisors lifted its holdings in Palantir Technologies by 0.7% in the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after buying an additional 63 shares during the period. Ignite Planners LLC raised its position in shares of Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after acquiring an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. raised its position in shares of Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after acquiring an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after purchasing an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC boosted its position in shares of Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after purchasing an additional 73 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the subject of a number of research analyst reports. DA Davidson lifted their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Robert W. Baird raised their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Northland Securities increased their target price on shares of Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Finally, UBS Group raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Stock Up 3.3%

Shares of NASDAQ:PLTR opened at $187.91 on Thursday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The stock’s 50 day moving average is $179.09 and its 200-day moving average is $162.75. The firm has a market capitalization of $447.87 billion, a price-to-earnings ratio of 447.42, a PEG ratio of 7.05 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last posted 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. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.10 EPS. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 39,136 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $6,115,000.00. Following the sale, the insider owned 592 shares in the company, valued at $92,500. This represents a 98.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider directly owned 47,044 shares in the company, valued at approximately $7,409,430. The trade was a 2.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,008,844 shares of company stock valued at $164,676,161 over the last quarter. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies 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.