Crossmark Global Holdings Inc. Has $15.49 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Crossmark Global Holdings Inc. cut its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,780 shares of the company’s stock after selling 100,166 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Palantir Technologies were worth $15,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Dimensional Fund Advisors LP raised its position in Palantir Technologies by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after purchasing an additional 278,544 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Palantir Technologies in the second quarter valued at approximately $350,000. Amalgamated Bank increased its position in Palantir Technologies by 5.0% during the 2nd quarter. Amalgamated Bank now owns 135,982 shares of the company’s stock valued at $3,444,000 after purchasing an additional 6,472 shares during the period. Blair William & Co. IL raised its holdings in Palantir Technologies by 18.4% during the 2nd quarter. Blair William & Co. IL now owns 61,927 shares of the company’s stock worth $1,569,000 after purchasing an additional 9,623 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Palantir Technologies during the 2nd quarter worth approximately $351,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 123,334 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $45.00, for a total value of $5,550,030.00. Following the sale, the insider now directly owns 331,369 shares of the company’s stock, valued at $14,911,605. This represents a 27.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald started coverage on shares of Palantir Technologies in a research note on Friday. They set a “neutral” rating and a $72.00 target price for the company. UBS Group initiated coverage on Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price target on the stock. Northland Securities lifted their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. Finally, Wedbush upped their price objective on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.78.

Palantir Technologies Stock Performance

Shares of PLTR opened at $71.77 on Tuesday. The firm has a market cap of $163.49 billion, a price-to-earnings ratio of 358.87, a PEG ratio of 6.66 and a beta of 2.82. The firm has a 50 day moving average price of $70.49 and a 200-day moving average price of $47.47. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the previous year, the firm earned $0.03 EPS. The business’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

About Palantir Technologies

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.