Clarity Capital Partners LLC Has $7.15 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Clarity Capital Partners LLC trimmed its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 4.2% during the third quarter, HoldingsChannel.com reports. The firm owned 192,321 shares of the company’s stock after selling 8,521 shares during the quarter. Palantir Technologies makes up 4.2% of Clarity Capital Partners LLC’s portfolio, making the stock its 5th largest position. Clarity Capital Partners LLC’s holdings in Palantir Technologies were worth $7,154,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC raised its position in shares of Palantir Technologies by 21.6% in the third quarter. Moloney Securities Asset Management LLC now owns 19,476 shares of the company’s stock worth $725,000 after buying an additional 3,457 shares in the last quarter. Rational Advisors LLC raised its stake in shares of Palantir Technologies by 42.8% during the third quarter. Rational Advisors LLC now owns 11,452 shares of the company’s stock worth $426,000 after acquiring an additional 3,430 shares in the last quarter. World Equity Group Inc. boosted its position in Palantir Technologies by 12.2% during the third quarter. World Equity Group Inc. now owns 51,546 shares of the company’s stock valued at $1,918,000 after buying an additional 5,600 shares during the period. QRG Capital Management Inc. increased its stake in shares of Palantir Technologies by 4.4% in the third quarter. QRG Capital Management Inc. now owns 464,554 shares of the company’s stock worth $17,281,000 after buying an additional 19,723 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Palantir Technologies by 12.9% during the third quarter. Asset Management One Co. Ltd. now owns 775,784 shares of the company’s stock valued at $28,859,000 after buying an additional 88,593 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PLTR. Bank of America upped their target price on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Monness Crespi & Hardt cut their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. The Goldman Sachs Group raised their price target on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $27.86.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the sale, the director now owns 152,280 shares in the company, valued at $5,535,378. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,204,508 shares of company stock valued at $802,654,666. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 1.2 %

Shares of NYSE PLTR opened at $41.41 on Tuesday. The business’s 50 day moving average price is $38.19 and its 200 day moving average price is $29.75. The firm has a market cap of $92.74 billion, a P/E ratio of 243.60 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $45.14.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

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.