Moors & Cabot Inc. Reduces Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Moors & Cabot Inc. cut its position in Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 12.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,455 shares of the company's stock after selling 18,530 shares during the period. Moors & Cabot Inc.'s holdings in Palantir Technologies were worth $4,704,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. ProShare Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $262,000. Orion Portfolio Solutions LLC lifted its holdings in Palantir Technologies by 7.2% in the first quarter. Orion Portfolio Solutions LLC now owns 58,715 shares of the company's stock valued at $1,351,000 after acquiring an additional 3,922 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Palantir Technologies by 29.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 79,854 shares of the company's stock valued at $1,837,000 after acquiring an additional 18,170 shares during the period. UniSuper Management Pty Ltd boosted its position in Palantir Technologies by 95.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 26,400 shares of the company's stock worth $607,000 after purchasing an additional 12,900 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $59,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 14,016 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $30.67, for a total transaction of $429,870.72. Following the sale, the insider now directly owns 576,023 shares in the company, valued at approximately $17,666,625.41. The trade was a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the transaction, the director now directly owns 152,280 shares in the company, valued at approximately $5,535,378. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,597,056 shares of company stock worth $1,502,260,221. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Down 1.4 %

Shares of PLTR stock traded down $0.87 on Wednesday, reaching $62.11. 58,991,743 shares of the stock were exchanged, compared to its average volume of 58,816,992. The company has a market capitalization of $141.49 billion, a price-to-earnings ratio of 310.57 and a beta of 2.70. The business's 50 day moving average price is $44.83 and its 200 day moving average price is $32.84. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $66.00.

Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The company's revenue was up 30.0% compared to the same quarter last year. Equities research analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLTR. Citigroup raised their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, July 30th. Northland Securities boosted their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on Palantir Technologies from $20.00 to $21.00 and gave the stock a "sell" rating in a research note on Tuesday, August 6th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $9.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 6th. Finally, Monness Crespi & Hardt decreased their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $31.71.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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 facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.