Foundations Investment Advisors LLC Sells 3,053 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Foundations Investment Advisors LLC reduced its stake in Palantir Technologies Inc. (NYSE:PLTR) by 4.7% during the third quarter, HoldingsChannel.com reports. The fund owned 61,998 shares of the company’s stock after selling 3,053 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Palantir Technologies were worth $2,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLTR. Ballentine Partners LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $229,000. Sound Income Strategies LLC increased its holdings in shares of Palantir Technologies by 678.6% in the 1st quarter. Sound Income Strategies LLC now owns 2,437 shares of the company’s stock worth $56,000 after buying an additional 2,124 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of Palantir Technologies in the 1st quarter worth about $546,000. Wealthcare Advisory Partners LLC increased its holdings in shares of Palantir Technologies by 6.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 23,121 shares of the company’s stock worth $532,000 after buying an additional 1,459 shares during the last quarter. Finally, Bouvel Investment Partners LLC increased its holdings in shares of Palantir Technologies by 1.0% in the 1st quarter. Bouvel Investment Partners LLC now owns 112,893 shares of the company’s stock worth $2,598,000 after buying an additional 1,063 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction 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 sale, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Peter Thiel sold 4,254,666 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $36.77, for a total value of $156,444,068.82. Following the sale, the director now owns 51,234,275 shares in the company, valued at $1,883,884,291.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,747,176 shares of company stock worth $646,951,347 over the last 90 days. 12.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLTR. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Citigroup boosted their price objective on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. 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. DA Davidson boosted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Bank of America boosted their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.86.

Palantir Technologies Trading Down 0.8 %

Shares of Palantir Technologies stock opened at $42.60 on Thursday. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $44.39. The firm has a market capitalization of $95.40 billion, a price-to-earnings ratio of 250.60 and a beta of 2.72. The firm’s 50 day simple moving average is $36.12 and its two-hundred day simple moving average is $28.42.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.