Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd lowered its position in Palantir Technologies Inc. (NYSE:PLTR) by 74.0% during the second quarter, HoldingsChannel.com reports. The fund owned 2,035 shares of the company’s stock after selling 5,800 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Palantir Technologies were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Evolution Wealth Advisors LLC grew its holdings in Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after purchasing an additional 360 shares during the last quarter. First Horizon Advisors Inc. raised its position in Palantir Technologies by 2.6% during the second quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock worth $386,000 after acquiring an additional 379 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Palantir Technologies by 21.4% in the second quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock valued at $58,000 after purchasing an additional 406 shares in the last quarter. Apella Capital LLC grew its position in shares of Palantir Technologies by 3.7% in the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock valued at $323,000 after purchasing an additional 416 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of Palantir Technologies by 1.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after purchasing an additional 416 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $36.49 on Wednesday. The stock has a 50-day simple moving average of $31.76 and a 200-day simple moving average of $26.51. The stock has a market capitalization of $81.72 billion, a P/E ratio of 304.11 and a beta of 2.72. Palantir Technologies Inc. has a 1 year low of $14.48 and a 1 year high of $38.19.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Palantir Technologies’s quarterly revenue was up 27.2% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. DA Davidson increased their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Mizuho lowered Palantir Technologies from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $21.00 to $22.00 in a research note on Tuesday, July 16th. Royal Bank of Canada reissued an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 6th. Argus initiated coverage on shares of Palantir Technologies in a research note on Monday, June 17th. They set a “buy” rating and a $29.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.29.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $232,011,546.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 3,026 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total transaction of $84,728.00. Following the transaction, the director now directly owns 29,817 shares in the company, valued at $834,876. The disclosure for this sale can be found here. In the last three months, insiders sold 17,814,881 shares of company stock worth $648,616,023. Corporate insiders own 12.93% of the company’s stock.

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.