Fairscale Capital LLC Sells 784 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Fairscale Capital LLC trimmed its position in Palantir Technologies Inc. (NYSE:PLTR) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,822 shares of the company’s stock after selling 784 shares during the period. Fairscale Capital LLC’s holdings in Palantir Technologies were worth $254,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Walter & Keenan Wealth Management LLC IN ADV boosted its holdings in Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock valued at $729,000 after purchasing an additional 235 shares during the period. Greater Midwest Financial Group LLC boosted its holdings in Palantir Technologies by 0.3% in the 3rd quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock valued at $3,251,000 after purchasing an additional 250 shares during the period. Quantum Private Wealth LLC boosted its holdings in Palantir Technologies by 1.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock valued at $865,000 after purchasing an additional 250 shares during the period. LCM Capital Management Inc boosted its holdings in Palantir Technologies by 0.9% in the 3rd quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock valued at $1,207,000 after purchasing an additional 300 shares during the period. Finally, Acorn Financial Advisory Services Inc. ADV boosted its holdings in Palantir Technologies by 0.6% in the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 48,347 shares of the company’s stock valued at $1,799,000 after purchasing an additional 300 shares during the period. 45.65% of the stock is owned by institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $232,011,546.06. The trade was a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather A. Planishek sold 14,016 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $30.67, for a total transaction of $429,870.72. Following the sale, the insider now directly 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. Insiders have sold 34,167,451 shares of company stock worth $1,603,067,889 over the last 90 days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Trading Up 4.9 %

PLTR stock opened at $64.35 on Friday. The firm’s 50-day moving average price is $45.94 and its two-hundred day moving average price is $33.39. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $66.00. The stock has a market capitalization of $146.59 billion, a price-to-earnings ratio of 321.77 and a beta of 2.70.

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 net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. Equities analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PLTR. Citigroup lifted their price objective on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Northland Securities boosted their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Bank of America boosted their price target 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, The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. 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 MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $31.71.

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.