Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 40.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,106 shares of the company’s stock after selling 7,535 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Palantir Technologies were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $241,000. Dimensional Fund Advisors LP grew its position in shares of Palantir Technologies by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock valued at $72,963,000 after purchasing an additional 278,544 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $350,000. Axxcess Wealth Management LLC lifted its stake in Palantir Technologies by 264.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 61,970 shares of the company’s stock valued at $1,570,000 after buying an additional 44,943 shares in the last quarter. Finally, Wealth Alliance acquired a new stake in shares of Palantir Technologies during the second quarter valued at $247,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $45.00, for a total value of $5,550,030.00. Following the sale, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total value of $406,646.46. Following the transaction, the director now owns 130,250 shares of the company’s stock, valued at approximately $6,576,322.50. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock worth $1,444,232,453 over the last ninety days. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PLTR. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price on the stock. in a research report on Thursday, November 7th. Bank of America upped their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Northland Securities lifted their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.12.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $69.34 on Friday. The firm has a market cap of $157.95 billion, a P/E ratio of 346.70, a P/E/G ratio of 6.24 and a beta of 2.82. The firm has a fifty day moving average of $69.95 and a two-hundred day moving average of $46.69. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80.

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

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.