Insight Wealth Strategies LLC Sells 8,532 Shares of Palantir Technologies Inc. $PLTR

Insight Wealth Strategies LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,082 shares of the company’s stock after selling 8,532 shares during the period. Insight Wealth Strategies LLC’s holdings in Palantir Technologies were worth $4,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. raised its holdings in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after acquiring an additional 54,347 shares during the last quarter. Prentice Wealth Management LLC purchased a new position in shares of Palantir Technologies during the third quarter valued at approximately $550,000. Watershed Private Wealth LLC grew its holdings in Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after buying an additional 3,350 shares in the last quarter. GAM Holding AG grew its holdings in Palantir Technologies by 39.0% during the third quarter. GAM Holding AG now owns 13,788 shares of the company’s stock worth $2,515,000 after buying an additional 3,868 shares in the last quarter. Finally, Pinkerton Wealth LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at $3,394,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at $79,162.24. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Buckley sold 1,232 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total transaction of $159,026.56. Following the sale, the insider owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. The trade was a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,045,279 shares of company stock valued at $140,539,043 in the last three months. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Loop Capital dropped their price objective on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Mizuho upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 target price for the company in a research note on Wednesday, February 18th. Citigroup increased their target price on shares of Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Palantir Technologies in a report on Monday. Finally, HSBC raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.32.

Get Our Latest Stock Report on Palantir Technologies

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $152.77 on Thursday. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The company has a market capitalization of $365.38 billion, a PE ratio of 242.50, a price-to-earnings-growth ratio of 3.07 and a beta of 1.70. The business has a fifty day moving average price of $151.49 and a two-hundred day moving average price of $168.73.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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