Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Defender Capital LLC.

Defender Capital LLC. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 526,741 shares of the company’s stock after selling 132,628 shares during the period. Palantir Technologies makes up about 14.6% of Defender Capital LLC.’s portfolio, making the stock its 2nd biggest holding. Defender Capital LLC.’s holdings in Palantir Technologies were worth $39,837,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the period. Diversify Wealth Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $876,000. State of Alaska Department of Revenue grew its holdings in shares of Palantir Technologies by 22.9% in the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after acquiring an additional 68,945 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Palantir Technologies by 19.2% in the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock valued at $20,146,000 after acquiring an additional 87,062 shares in the last quarter. Finally, Tyler Stone Wealth Management grew its holdings in shares of 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 in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.6 %

Shares of PLTR opened at $79.76 on Thursday. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The company has a 50 day moving average of $72.59 and a two-hundred day moving average of $49.89. The company has a market cap of $181.69 billion, a price-to-earnings ratio of 398.82, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the transaction, the insider now directly owns 562,006 shares in the company, valued at approximately $28,077,819.76. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at $353,967,157.74. The trade was a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PLTR. Cantor Fitzgerald assumed coverage on Palantir Technologies in a report on Friday, January 17th. They issued a “neutral” rating and a $72.00 target price for the company. Robert W. Baird assumed coverage on Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price objective on the stock. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. DA Davidson increased their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $60.00 price objective on shares of Palantir Technologies in a research note on Monday, January 6th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.61.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.