Thrivent Financial for Lutherans trimmed its position in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investors owned 10,516 shares of the company’s stock after selling 1,690 shares during the period. Thrivent Financial for Lutherans’ holdings in Palantir Technologies were worth $67,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in PLTR. Vanguard Group Inc. lifted its stake in Palantir Technologies by 22.4% during the first quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock worth $2,141,931,000 after purchasing an additional 28,563,749 shares in the last quarter. Two Sigma Investments LP lifted its stake in Palantir Technologies by 28,558.7% during the third quarter. Two Sigma Investments LP now owns 13,265,535 shares of the company’s stock worth $107,849,000 after purchasing an additional 13,219,247 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Palantir Technologies by 17.5% during the third quarter. Renaissance Technologies LLC now owns 33,130,047 shares of the company’s stock worth $269,347,000 after purchasing an additional 4,925,900 shares in the last quarter. Millennium Management LLC lifted its stake in Palantir Technologies by 194.8% during the second quarter. Millennium Management LLC now owns 1,895,920 shares of the company’s stock worth $17,196,000 after purchasing an additional 3,895,920 shares in the last quarter. Finally, America First Investment Advisors LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $10,870,000. 31.90% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Palantir Technologies
In other Palantir Technologies news, insider Ryan D. Taylor sold 18,700 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $10.05, for a total value of $187,935.00. Following the completion of the transaction, the insider now owns 210,260 shares in the company, valued at $2,113,113. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Ryan D. Taylor sold 18,700 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $10.05, for a total transaction of $187,935.00. Following the completion of the sale, the insider now owns 210,260 shares in the company, valued at $2,113,113. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 7,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $7.85, for a total transaction of $54,950.00. Following the sale, the director now owns 206,830 shares of the company’s stock, valued at approximately $1,623,615.50. The disclosure for this sale can be found here. Insiders sold 511,341 shares of company stock worth $5,586,327 over the last 90 days. Corporate insiders own 13.96% of the company’s stock.
Analyst Upgrades and Downgrades
PLTR has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price objective on Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 14th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Monday, March 27th. DA Davidson initiated coverage on Palantir Technologies in a research report on Tuesday, February 28th. They set a “neutral” rating and a $8.00 price objective on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a research report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $6.00 to $7.00 in a research report on Tuesday, May 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average price target of $8.54.
Palantir Technologies Price Performance
NYSE PLTR opened at $13.65 on Friday. Palantir Technologies Inc. has a 1 year low of $5.84 and a 1 year high of $14.19. The company has a market capitalization of $28.90 billion, a PE ratio of -105.00, a P/E/G ratio of 4.52 and a beta of 2.85. The company has a fifty day moving average of $8.95 and a two-hundred day moving average of $8.00.
About Palantir Technologies
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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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 facilitating the handoff between analysts and operational users, helping operators plan and execute real-time world responses to threats that have been identified within the platform.
Further Reading
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