Palantir Technologies Inc. $PLTR Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 21.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 320,588 shares of the company’s stock after selling 86,589 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Palantir Technologies were worth $59,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC increased its holdings in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Palantir Technologies by 4.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 411,802 shares of the company’s stock worth $56,137,000 after purchasing an additional 17,747 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in Palantir Technologies by 19.6% during the second quarter. Raleigh Capital Management Inc. now owns 2,852 shares of the company’s stock worth $389,000 after purchasing an additional 467 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Phillip Securities initiated coverage on shares of Palantir Technologies in a research note on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price for the company. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, UBS Group increased their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $184.07.

View Our Latest Stock Report on PLTR

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 15,557 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the transaction, the insider directly owned 415,612 shares of the company’s stock, valued at $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 308,635 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at $97,082.08. This trade represents a 99.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,023,444 shares of company stock worth $167,394,629. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Down 5.0%

Shares of PLTR stock opened at $157.35 on Thursday. The stock has a 50 day simple moving average of $176.37 and a 200 day simple moving average of $173.58. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The stock has a market cap of $375.03 billion, a P/E ratio of 374.65, a price-to-earnings-growth ratio of 4.17 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released 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. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Key Stories Impacting Palantir Technologies

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About Palantir Technologies

(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.

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

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