2 weeks Ago By ABMN Staff
Zions Bancorporation N.A. trimmed its stake in Palantir Technologies Inc.
( NYSE:PLTR – Free Report ) by 29.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,047 shares of the company’s stock after selling 428 shares during the period.
Zions Bancorporation N.A.’s holdings in Palantir Technologies were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. Evolution Wealth Advisors LLC raised its holdings in shares of Palantir Technologies by 0.5% in the second quarter.
Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after acquiring an additional 360 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Palantir Technologies by 2.
6% in the 2nd quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock valued at $386,000 after purchasing an additional 379 shares in the last quarter.
Gradient Investments LLC lifted its position in shares of Palantir Technologies by 21.4% in the 2nd quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after purchasing an additional 406 shares during the period.
Apella Capital LLC boosted its stake in shares of Palantir Technologies by 3.7% during the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock valued at $323,000 after purchasing an additional 416 shares in the last quarter.
Finally, Valeo Financial Advisors LLC increased its holdings in Palantir Technologies by 1.2% during the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock valued at $916,000 after buying an additional 416 shares during the period.
45.65% of the stock is currently owned by institutional investors. Analyst Ratings Changes A number of research firms have weighed in on PLTR.
Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Palantir Technologies in a report on Monday, September 9th. Monness Crespi & Hardt dropped their price objective on Palantir Technologies from $20.
00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Argus started coverage on shares of Palantir Technologies in a report on Monday, June 17th.
They issued a “buy” rating and a $29.00 target price for the company. Citigroup raised their price target on shares of Palantir Technologies from $25.
00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $24.
00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock.
According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.79.
Insider Buying and Selling at Palantir Technologies In other news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.97, for a total value of $57,940.
00. Following the sale, the director now owns 69,039 shares in the company, valued at $2,000,059.83.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th.
The stock was sold at an average price of $26.00, for a total value of $78,000.00.
Following the sale, the director now owns 32,843 shares in the company, valued at approximately $853,918. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, Director Lauren Elaina Friedman Stat sold 2,000 shares of the business’s stock in a transaction on Monday, July 15th.
The shares were sold at an average price of $28.97, for a total transaction of $57,940.00.
Following the completion of the transaction, the director now owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 880,238 shares of company stock worth $27,776,572. Company insiders own 12.93% of the company’s stock.
Palantir Technologies Price Performance NYSE PLTR opened at $35.59 on Monday. The company has a market cap of $79.
26 billion, a price-to-earnings ratio of 296.58, a PEG ratio of 6.15 and a beta of 2.
72. The stock’s fifty day moving average price is $29.69 and its 200 day moving average price is $25.
50. Palantir Technologies Inc. has a 1 year low of $13.
68 and a 1 year high of $36.01. Palantir Technologies ( NYSE:PLTR – Get Free Report ) last announced its quarterly earnings data on Monday, August 5th.
The company reported $0.03 earnings per share 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 analyst estimates of $653.
23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.
88%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis.
During the same period in the prior year, the company posted $0.01 earnings per share. Research analysts expect that Palantir Technologies Inc.
will post 0.19 earnings per share for the current year. Palantir Technologies Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc.
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