Voya Investment Management LLC Has $503.56 Million Position in Palantir Technologies Inc. $PLTR

Voya Investment Management LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 25.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,763,364 shares of the company’s stock after selling 966,686 shares during the quarter. Voya Investment Management LLC’s holdings in Palantir Technologies were worth $503,560,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PLTR. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at $31,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the 2nd quarter worth $25,000. Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies in the second quarter worth about $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Palantir Technologies in the second quarter worth about $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $28,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 15,557 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the completion of the sale, the insider owned 415,612 shares in the company, valued at $68,156,211.88. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,008,844 shares of company stock worth $164,750,951 over the last ninety days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $185.69 on Friday. The business’s fifty day moving average price is $179.38 and its two-hundred day moving average price is $164.99. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The stock has a market capitalization of $442.58 billion, a price-to-earnings ratio of 442.13, a price-to-earnings-growth ratio of 6.87 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion for 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 quarterly revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on PLTR. The Goldman Sachs Group raised their target price on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Daiwa Capital Markets raised their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Mizuho increased their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings upgraded shares of Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $172.28.

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.