Crewe Advisors LLC Sells 452 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Crewe Advisors LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 35.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 818 shares of the company’s stock after selling 452 shares during the period. Crewe Advisors LLC’s holdings in Palantir Technologies were worth $62,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PLTR. Czech National Bank bought a new stake in shares of Palantir Technologies in the third quarter worth $15,261,000. GAMMA Investing LLC grew its stake in shares of Palantir Technologies by 83.9% in the third quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock worth $213,000 after purchasing an additional 2,607 shares during the last quarter. Diversified Trust Co lifted its holdings in Palantir Technologies by 172.7% in the third quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock valued at $802,000 after buying an additional 13,652 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Palantir Technologies by 23.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 79,563 shares of the company’s stock valued at $2,960,000 after buying an additional 15,270 shares during the period. Finally, Strategic Wealth Partners Ltd. lifted its holdings in Palantir Technologies by 4.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 19,580 shares of the company’s stock valued at $728,000 after buying an additional 772 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PLTR shares. Citigroup boosted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. DA Davidson boosted their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank of Canada boosted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday. Finally, Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Stock Up 9.8 %

Palantir Technologies stock opened at $111.28 on Friday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $111.55. The firm has a 50 day moving average price of $75.56 and a 200-day moving average price of $52.26. The company has a market capitalization of $253.50 billion, a P/E ratio of 556.43, a P/E/G ratio of 7.54 and a beta of 2.81.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $725.52 million during 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%. The company’s revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.10, for a total transaction of $283,950,000.00. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. The trade was a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,656,687 shares of company stock worth $1,040,105,687. 12.93% of the stock is owned by corporate insiders.

About Palantir Technologies

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.