Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC decreased its stake in Palantir Technologies Inc. (NYSE:PLTR) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,321 shares of the company’s stock after selling 8,521 shares during the period. Palantir Technologies makes up 4.2% of Clarity Capital Partners LLC’s portfolio, making the stock its 5th largest holding. Clarity Capital Partners LLC’s holdings in Palantir Technologies were worth $7,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Palantir Technologies during the 2nd quarter worth $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Palantir Technologies in the 2nd quarter worth $30,000. Finally, Beacon Capital Management LLC increased its holdings in Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after purchasing an additional 1,105 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $41.41 on Tuesday. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $45.14. The business’s 50 day simple moving average is $38.19 and its 200 day simple moving average is $29.75. The company has a market capitalization of $92.74 billion, a P/E ratio of 243.60 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 249,684 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.01, for a total transaction of $7,493,016.84. Following the completion of the transaction, the insider now owns 372,565 shares of the company’s stock, valued at approximately $11,180,675.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction on 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 approximately $232,011,546.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 249,684 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the sale, the insider now owns 372,565 shares in the company, valued at approximately $11,180,675.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,204,508 shares of company stock worth $802,654,666. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLTR. Citigroup lifted their target price on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Mizuho raised their target price on shares of Palantir Technologies from $24.00 to $30.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. 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 report on Tuesday, September 10th. Finally, Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $27.86.

About Palantir Technologies

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.