America First Investment Advisors LLC Cuts Stake in Palantir Technologies Inc. (NYSE:PLTR)

America First Investment Advisors LLC cut its position in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 27.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 861,416 shares of the company's stock after selling 323,826 shares during the quarter. Palantir Technologies makes up about 7.2% of America First Investment Advisors LLC's holdings, making the stock its 2nd biggest position. America First Investment Advisors LLC's holdings in Palantir Technologies were worth $32,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company's stock worth $13,786,000 after purchasing an additional 68,945 shares during the period. Oppenheimer & Co. Inc. raised its position in Palantir Technologies by 19.2% in the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company's stock worth $20,146,000 after acquiring an additional 87,062 shares during the period. Tyler Stone Wealth Management boosted its stake in Palantir Technologies by 97.9% in the third quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company's stock valued at $7,515,000 after acquiring an additional 99,921 shares during the last quarter. Heritage Wealth Management Inc. CA purchased a new position in Palantir Technologies in the third quarter valued at about $1,076,000. Finally, Cyndeo Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $6,339,000. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on PLTR shares. Bank of America upped their price objective on Palantir Technologies from $30.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Wedbush increased their price target on Palantir Technologies from $38.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Raymond James lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Northland Capmk raised shares of Palantir Technologies to a "hold" rating in a report on Thursday, August 22nd. Finally, Northland Securities lifted their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. 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 MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $31.71.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexander D. Moore sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the sale, the director now directly owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. The trade was a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 14,016 shares of the company's stock in a transaction dated 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 owns 576,023 shares of the company's stock, valued at approximately $17,666,625.41. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,547,056 shares of company stock worth $1,500,642,721 over the last three months. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Down 1.2 %

Shares of PLTR stock traded down $0.76 on Thursday, reaching $61.36. The company's stock had a trading volume of 56,035,742 shares, compared to its average volume of 58,806,305. The company has a market capitalization of $139.78 billion, a P/E ratio of 309.32 and a beta of 2.70. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $66.00. The stock's 50 day simple moving average is $44.83 and its 200-day simple moving average is $32.84.

Palantir Technologies (NYSE:PLTR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share 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 firm had revenue of $725.52 million for the quarter, compared to analysts' expectations of $705.11 million. During the same quarter last year, the firm posted $0.03 EPS. The company's revenue was up 30.0% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current year.

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.