Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 114,414 shares of the company’s stock after selling 4,870 shares during the period. Palantir Technologies accounts for approximately 1.0% of Independent Solutions Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Independent Solutions Wealth Management LLC’s holdings in Palantir Technologies were worth $4,256,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Fifth Third Bancorp grew its holdings in Palantir Technologies by 4.1% in the 2nd quarter. Fifth Third Bancorp now owns 71,491 shares of the company’s stock valued at $1,811,000 after buying an additional 2,805 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in Palantir Technologies during the second quarter worth approximately $209,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Palantir Technologies during the second quarter worth approximately $277,000. Premier Path Wealth Partners LLC raised its stake in Palantir Technologies by 8.3% during the second quarter. Premier Path Wealth Partners LLC now owns 14,948 shares of the company’s stock worth $379,000 after purchasing an additional 1,148 shares during the period. Finally, Everhart Financial Group Inc. boosted its holdings in shares of Palantir Technologies by 6.0% in the 2nd quarter. Everhart Financial Group Inc. now owns 16,073 shares of the company’s stock valued at $407,000 after purchasing an additional 912 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the transaction, the director now owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. This trade represents a 9.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Thiel sold 4,254,666 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $36.77, for a total transaction of $156,444,068.82. Following the completion of the sale, the director now directly owns 51,234,275 shares of the company’s stock, valued at approximately $1,883,884,291.75. This represents a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,612,366 shares of company stock worth $1,867,342,292. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 5.0 %

NASDAQ PLTR traded up $3.55 on Thursday, hitting $75.06. 75,191,681 shares of the stock traded hands, compared to its average volume of 60,571,070. The stock has a 50-day moving average of $57.71 and a 200 day moving average of $39.61. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $80.91. The company has a market capitalization of $170.99 billion, a P/E ratio of 375.32, a price-to-earnings-growth ratio of 10.18 and a beta of 2.87.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $705.11 million. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue was up 30.0% compared to the same quarter last year. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLTR. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday. The Goldman Sachs Group raised their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Northland Securities upped their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Mizuho raised their target price on Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Friday, December 13th. Finally, Bank of America boosted their price target on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.00.

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.