Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by International Assets Investment Management LLC

Posted by on Apr 11th, 2023

International Assets Investment Management LLC increased its stake in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) by 93.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,688 shares of the company’s stock after purchasing an additional 71,402 shares during the quarter. International Assets Investment Management LLC’s holdings in Palantir Technologies were worth $948,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PLTR. Exos TFP Holdings LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth $35,000. Romano Brothers AND Company purchased a new stake in Palantir Technologies during the 4th quarter worth about $39,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth about $45,000. Guardian Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at about $47,000. Finally, Allworth Financial LP lifted its holdings in shares of Palantir Technologies by 54.2% in the 4th quarter. Allworth Financial LP now owns 7,381 shares of the company’s stock valued at $47,000 after purchasing an additional 2,594 shares during the last quarter. Hedge funds and other institutional investors own 31.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLTR. Credit Suisse Group restated a “neutral” rating and set a $11.00 price target on shares of Palantir Technologies in a research note on Wednesday, February 15th. DA Davidson initiated coverage on shares of Palantir Technologies in a research report on Tuesday, February 28th. They issued a “neutral” rating and a $8.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Palantir Technologies from $7.00 to $6.00 and set a “sell” rating for the company in a research note on Monday, January 23rd. Jefferies Financial Group downgraded Palantir Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $9.00 to $7.50 in a research note on Thursday, January 5th. Finally, Citigroup reiterated a “sell” rating and issued a $5.00 price objective on shares of Palantir Technologies in a research note on Friday, February 3rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.64.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 153,049 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $10.07, for a total transaction of $1,541,203.43. Following the completion of the transaction, the insider now owns 281,526 shares in the company, valued at approximately $2,834,966.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Alexander D. Moore sold 21,900 shares of Palantir Technologies stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $8.35, for a total transaction of $182,865.00. Following the transaction, the director now directly owns 1,880,052 shares in the company, valued at approximately $15,698,434.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 153,049 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $10.07, for a total value of $1,541,203.43. Following the completion of the sale, the insider now directly owns 281,526 shares in the company, valued at approximately $2,834,966.82. The disclosure for this sale can be found here. Insiders have sold a total of 206,462 shares of company stock valued at $1,980,256 in the last quarter. Company insiders own 13.22% of the company’s stock.

Palantir Technologies Stock Up 3.7 %

Shares of NYSE:PLTR opened at $8.39 on Tuesday. The company has a market cap of $17.63 billion, a PE ratio of -44.16, a P/E/G ratio of 2.78 and a beta of 2.86. Palantir Technologies Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $13.33. The firm has a 50-day simple moving average of $8.25 and a 200 day simple moving average of $7.71.

Palantir Technologies (NYSE:PLTR – Get Rating) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Palantir Technologies had a negative return on equity of 11.90% and a negative net margin of 19.61%. The business had revenue of $508.62 million for the quarter, compared to analysts’ expectations of $504.84 million. During the same period in the prior year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.05 EPS for the current fiscal year.

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 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.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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