Intellectus Partners LLC Has $3.01 Million Stake in Palantir Technologies Inc. (NYSE:PLTR)

Intellectus Partners LLC cut its stake in Palantir Technologies Inc. (NYSE:PLTR) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,894 shares of the company’s stock after selling 1,375 shares during the quarter. Palantir Technologies accounts for 0.8% of Intellectus Partners LLC’s holdings, making the stock its 27th biggest position. Intellectus Partners LLC’s holdings in Palantir Technologies were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Palantir Technologies by 3,476.2% during the third quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company’s stock worth $254,162,000 after purchasing an additional 6,641,253 shares during the period. 1832 Asset Management L.P. raised its holdings in Palantir Technologies by 248,208.2% during the 1st quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock worth $83,418,000 after buying an additional 3,623,840 shares during the period. Marshall Wace LLP boosted its holdings in shares of 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 buying an additional 3,038,861 shares during the period. Vanguard Group Inc. raised its holdings in shares of Palantir Technologies by 1.6% during the first quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock worth $4,529,164,000 after acquiring an additional 3,029,317 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Palantir Technologies by 226.2% during the third quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company’s stock worth $105,636,000 after acquiring an additional 1,969,213 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 11,373 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $32.25, for a total transaction of $366,779.25. Following the completion of the sale, the insider now directly owns 600,633 shares of the company’s stock, valued at approximately $19,370,414.25. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 50,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the completion of the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $24,352,627.10. This represents a 6.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,239,238 shares of company stock valued at $1,036,731,557. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 2.5 %

NYSE:PLTR opened at $59.19 on Friday. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $63.39. The firm has a market capitalization of $132.55 billion, a price-to-earnings ratio of 295.96 and a beta of 2.70. The stock’s 50 day moving average price is $42.48 and its two-hundred day moving average price is $31.65.

Palantir Technologies (NYSE:PLTR) last announced 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 during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 30.0% on a year-over-year basis. Equities research analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group boosted their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, DA Davidson lifted their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently 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.