Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Cut by Jacobs & Co. CA

Jacobs & Co. CA decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,368 shares of the company’s stock after selling 400 shares during the period. Jacobs & Co. CA’s holdings in Palantir Technologies were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Sage Capital Advisors llc boosted its position in shares of Palantir Technologies by 309.5% during the 4th quarter. Sage Capital Advisors llc now owns 94,193 shares of the company’s stock valued at $7,124,000 after purchasing an additional 71,192 shares in the last quarter. Hilltop National Bank boosted its position in shares of Palantir Technologies by 13.6% during the 4th quarter. Hilltop National Bank now owns 2,760 shares of the company’s stock valued at $209,000 after purchasing an additional 330 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of Palantir Technologies by 4.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company’s stock valued at $362,000 after purchasing an additional 200 shares in the last quarter. Avondale Wealth Management boosted its position in shares of Palantir Technologies by 2.2% during the 4th quarter. Avondale Wealth Management now owns 15,840 shares of the company’s stock valued at $1,198,000 after purchasing an additional 340 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its position in shares of Palantir Technologies by 7.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 21,607 shares of the company’s stock valued at $1,634,000 after purchasing an additional 1,473 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.3 %

Shares of NASDAQ:PLTR traded down $0.90 during trading on Friday, reaching $67.33. The stock had a trading volume of 63,356,168 shares, compared to its average volume of 80,878,953. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80. The firm has a market capitalization of $153.38 billion, a price-to-earnings ratio of 336.67, a P/E/G ratio of 10.18 and a beta of 2.82. The stock has a fifty day simple moving average of $68.42 and a two-hundred day simple moving average of $45.38.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for 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%. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. On average, analysts forecast that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction 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 transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,638,189 shares of company stock worth $1,443,945,933 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLTR. Wedbush raised their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a report on Thursday, November 7th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a report on Monday. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.12.

Palantir Technologies 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.