N.E.W. Advisory Services LLC Sells 3,096 Shares of Palantir Technologies Inc. $PLTR

N.E.W. Advisory Services LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,277 shares of the company’s stock after selling 3,096 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Palantir Technologies were worth $3,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies in the first quarter worth about $27,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,252 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider owned 47,044 shares in the company, valued at $7,409,430. The trade was a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 19,004 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,008,844 shares of company stock valued at $164,676,161. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 2.1%

NASDAQ PLTR opened at $183.57 on Friday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The business has a 50-day moving average price of $179.31 and a 200-day moving average price of $163.62. The firm has a market cap of $437.53 billion, a price-to-earnings ratio of 437.08, a price-to-earnings-growth ratio of 7.12 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last issued its 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. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on PLTR. Piper Sandler boosted their target price on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Mizuho upped their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group lifted their price objective on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.