Palantir Technologies Inc. (NYSE:PLTR) Position Reduced by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC lowered its position in Palantir Technologies Inc. (NYSE:PLTR) by 6.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 531,805 shares of the company’s stock after selling 38,576 shares during the period. Palantir Technologies makes up 2.7% of LaFleur & Godfrey LLC’s holdings, making the stock its 10th biggest position. LaFleur & Godfrey LLC’s holdings in Palantir Technologies were worth $19,783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTR. SeaCrest Wealth Management LLC increased its stake in shares of Palantir Technologies by 8.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 31,843 shares of the company’s stock worth $1,185,000 after purchasing an additional 2,400 shares in the last quarter. CCG Wealth Management LLC acquired a new stake in Palantir Technologies during the 3rd quarter valued at $291,000. Cascade Investment Group Inc. purchased a new position in Palantir Technologies during the third quarter worth $257,000. Magnus Financial Group LLC raised its holdings in shares of Palantir Technologies by 3.6% in the third quarter. Magnus Financial Group LLC now owns 27,066 shares of the company’s stock worth $1,007,000 after acquiring an additional 941 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its position in shares of Palantir Technologies by 16.2% in the third quarter. Fiduciary Alliance LLC now owns 115,375 shares of the company’s stock valued at $4,292,000 after acquiring an additional 16,050 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR traded down $0.55 during trading hours on Wednesday, hitting $41.88. The stock had a trading volume of 41,713,402 shares, compared to its average volume of 57,228,570. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $44.39. The firm has a market cap of $93.26 billion, a P/E ratio of 341.75 and a beta of 2.72. The company’s fifty day simple moving average is $34.78 and its 200 day simple moving average is $27.72.

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

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $43.90, for a total value of $321,391.90. Following the completion of the sale, the director now owns 138,304 shares in the company, valued at approximately $6,071,545.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $43.90, for a total transaction of $321,391.90. Following the transaction, the director now directly owns 138,304 shares of the company’s stock, valued at approximately $6,071,545.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Heather A. Planishek sold 11,373 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $32.25, for a total transaction of $366,779.25. Following the sale, the insider now directly owns 600,633 shares of the company’s stock, valued at approximately $19,370,414.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,837,176 shares of company stock worth $649,593,747. 12.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. DA Davidson lifted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wedbush raised their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Citigroup boosted their price target on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $27.29.

Palantir Technologies Company 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.