Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC decreased its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,197 shares of the company’s stock after selling 521 shares during the quarter. Palantir Technologies accounts for about 0.8% of Castle Rock Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Castle Rock Wealth Management LLC’s holdings in Palantir Technologies were worth $3,158,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Farmers & Merchants Investments Inc. purchased a new position in Palantir Technologies in the 2nd quarter worth about $25,000. West Paces Advisors Inc. raised its holdings in Palantir Technologies by 110.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after buying an additional 620 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Palantir Technologies during the second quarter valued at about $30,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after buying an additional 691 shares during the period. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLTR. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Northland Securities initiated coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. Monness Crespi & Hardt lowered their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Finally, Citigroup lifted their target price on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.29.

Insider Activity

In related news, insider Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $39.95, for a total transaction of $799,000.00. Following the completion of the sale, the insider now directly owns 562,006 shares of the company’s stock, valued at approximately $22,452,139.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Palantir Technologies news, Director Peter Thiel sold 4,181,118 shares of Palantir Technologies stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $36.91, for a total value of $154,325,065.38. Following the transaction, the director now directly owns 38,502,451 shares of the company’s stock, valued at $1,421,125,466.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $39.95, for a total value of $799,000.00. Following the completion of the sale, the insider now directly owns 562,006 shares of the company’s stock, valued at $22,452,139.70. This 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 17,831,855 shares of company stock valued at $649,330,295 over the last 90 days. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Down 0.3 %

Palantir Technologies stock traded down $0.15 during mid-day trading on Friday, hitting $43.37. 27,630,709 shares of the company’s stock were exchanged, compared to its average volume of 57,239,172. Palantir Technologies Inc. has a 1-year low of $14.48 and a 1-year high of $44.38. The stock has a 50 day moving average of $33.70 and a two-hundred day moving average of $27.27. The stock has a market cap of $97.12 billion, a P/E ratio of 256.07 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last issued 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 posted $0.01 EPS. The business’s revenue was up 27.2% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Palantir Technologies 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.