GSA Capital Partners LLP Lowers Holdings in Palantir Technologies Inc. (NYSE:PLTR)

GSA Capital Partners LLP lessened its holdings in Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 73.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,659 shares of the company's stock after selling 20,669 shares during the period. GSA Capital Partners LLP's holdings in Palantir Technologies were worth $285,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of Palantir Technologies by 3,476.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company's stock worth $254,162,000 after buying an additional 6,641,253 shares during the last quarter. Marshall Wace LLP increased its stake in Palantir Technologies by 594.3% in the second quarter. Marshall Wace LLP now owns 3,550,176 shares of the company's stock valued at $89,926,000 after acquiring an additional 3,038,861 shares during the last quarter. Principal Financial Group Inc. increased its stake in Palantir Technologies by 226.2% in the third quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company's stock valued at $105,636,000 after acquiring an additional 1,969,213 shares during the last quarter. National Bank of Canada FI raised its position in Palantir Technologies by 2,722.2% during the second quarter. National Bank of Canada FI now owns 1,716,830 shares of the company's stock valued at $44,427,000 after purchasing an additional 1,655,997 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Palantir Technologies during the third quarter worth about $57,563,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In related news, insider Heather A. Planishek sold 14,016 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 29th. The stock was 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 $17,666,625.41. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.07, for a total value of $162,315,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $232,011,546.06. The trade was a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,167,451 shares of company stock worth $1,603,067,889 over the last 90 days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $64.35 on Friday. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $66.00. The firm has a market cap of $146.59 billion, a P/E ratio of 321.77 and a beta of 2.70. The business's 50 day moving average price is $45.94 and its 200-day moving average price is $33.39.

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 net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million for the quarter, compared to analysts' expectations of $705.11 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PLTR. Jefferies Financial Group lowered Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price objective on the stock. in a research report on Thursday, November 7th. Raymond James cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Northland Capmk upgraded shares of Palantir Technologies to a "hold" rating in a report on Thursday, August 22nd. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Argus downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Six investment 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, the stock has an average rating of "Hold" and a consensus target price of $31.71.

Palantir Technologies 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.