Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 12.8% during the third quarter, Holdings Channel.com reports. The fund owned 126,455 shares of the company’s stock after selling 18,530 shares during the period. Moors & Cabot Inc.’s holdings in Palantir Technologies were worth $4,704,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Palantir Technologies by 76.0% in the third quarter. Advisors Asset Management Inc. now owns 53,665 shares of the company’s stock valued at $1,996,000 after purchasing an additional 23,178 shares during the last quarter. Kirtland Hills Capital Management LLC grew its holdings in Palantir Technologies by 128.2% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 27,312 shares of the company’s stock valued at $1,016,000 after buying an additional 15,344 shares during the period. Strategy Asset Managers LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter valued at about $927,000. Prospera Private Wealth LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter worth about $49,000. Finally, Avior Wealth Management LLC boosted its position in shares of Palantir Technologies by 30.1% in the third quarter. Avior Wealth Management LLC now owns 8,525 shares of the company’s stock worth $317,000 after acquiring an additional 1,970 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. DA Davidson lifted their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Mizuho boosted their target price on Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a report on Tuesday, November 5th. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Bank of America boosted their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.71.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Thursday, August 22nd. The stock was 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 owns 752,786 shares in the company, valued at approximately $24,352,627.10. The trade was a 6.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 14,016 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.67, for a total value of $429,870.72. Following the sale, the insider now owns 576,023 shares in the company, valued at $17,666,625.41. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,551,467 shares of company stock worth $1,435,420,536. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 4.5 %

Shares of PLTR traded down $2.84 during mid-day trading on Wednesday, hitting $60.14. 20,184,906 shares of the company’s stock were exchanged, compared to its average volume of 58,624,000. The stock has a market cap of $137.00 billion, a price-to-earnings ratio of 314.87 and a beta of 2.70. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $66.00. The firm has a fifty day moving average of $44.29 and a two-hundred day moving average of $32.64.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 EPS 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 firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the prior year, the company earned $0.03 EPS. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

About Palantir Technologies

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.