Eclectic Associates Inc. ADV Cuts Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Eclectic Associates Inc. ADV cut its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,785 shares of the company’s stock after selling 2,943 shares during the quarter. Palantir Technologies accounts for approximately 1.3% of Eclectic Associates Inc. ADV’s holdings, making the stock its 16th biggest position. Eclectic Associates Inc. ADV’s holdings in Palantir Technologies were worth $3,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Allianz Asset Management GmbH raised its holdings in Palantir Technologies by 17.7% during the fourth quarter. Allianz Asset Management GmbH now owns 156,302 shares of the company’s stock worth $2,684,000 after purchasing an additional 23,537 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Palantir Technologies by 35.5% in the 4th quarter. Bank of Nova Scotia now owns 52,918 shares of the company’s stock valued at $908,000 after buying an additional 13,873 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Palantir Technologies by 2.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 85,150 shares of the company’s stock valued at $1,462,000 after buying an additional 2,008 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Palantir Technologies by 11.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 246,060 shares of the company’s stock worth $4,225,000 after acquiring an additional 25,491 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Palantir Technologies by 696.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 206,024 shares of the company’s stock valued at $3,537,000 after acquiring an additional 180,172 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the sale, the insider now owns 298,012 shares in the company, valued at approximately $8,749,632.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Peter Thiel sold 4,181,118 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $36.91, for a total transaction of $154,325,065.38. Following the sale, the director now directly owns 38,502,451 shares in the company, valued at approximately $1,421,125,466.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $29.36, for a total value of $2,642,400.00. Following the transaction, the insider now directly owns 298,012 shares in the company, valued at $8,749,632.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,814,881 shares of company stock worth $648,616,023 in the last three months. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

PLTR traded up $0.77 during trading on Friday, hitting $40.01. The company’s stock had a trading volume of 62,657,545 shares, compared to its average volume of 57,253,805. Palantir Technologies Inc. has a twelve month low of $14.48 and a twelve month high of $40.29. The firm’s 50 day moving average price is $32.23 and its 200-day moving average price is $26.67. The stock has a market cap of $89.60 billion, a PE ratio of 333.44 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.03 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 period in the prior year, the company earned $0.01 EPS. The company’s revenue was up 27.2% compared to the same quarter last year. Equities analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Royal Bank of Canada restated an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 6th. Wedbush boosted their price target on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Northland Securities assumed coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price target on the stock. Finally, Mizuho cut Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $21.00 to $22.00 in a report on Tuesday, July 16th. 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.29.

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.