International Assets Investment Management LLC Trims Position in Palantir Technologies Inc. (NASDAQ:PLTR)

International Assets Investment Management LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 97.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,930 shares of the company’s stock after selling 6,642,371 shares during the quarter. Palantir Technologies accounts for 0.7% of International Assets Investment Management LLC’s holdings, making the stock its 19th biggest position. International Assets Investment Management LLC’s holdings in Palantir Technologies were worth $14,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Range Financial Group LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $526,000. Strathmore Capital Advisors Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $832,000. Regent Peak Wealth Advisors LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $325,000. Bank of New Hampshire boosted its position in Palantir Technologies by 25.9% in the 4th quarter. Bank of New Hampshire now owns 2,015 shares of the company’s stock worth $152,000 after purchasing an additional 415 shares in the last quarter. Finally, Advance Capital Management Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $405,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 3.5 %

PLTR traded down $2.46 on Wednesday, reaching $67.53. The company had a trading volume of 31,549,355 shares, compared to its average volume of 70,541,859. The stock has a 50-day moving average price of $67.40 and a 200-day moving average price of $45.06. The stock has a market capitalization of $153.83 billion, a PE ratio of 337.67, a P/E/G ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results 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 business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS. As a group, analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the transaction, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 7,321 shares of Palantir Technologies stock in a transaction on Friday, October 11th. The shares were 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 directly owns 138,304 shares of the company’s stock, valued at approximately $6,071,545.60. This represents a 5.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,645,510 shares of company stock valued at $1,444,267,325 in the last ninety days. 12.93% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on PLTR. Robert W. Baird began coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price target on the stock. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Bank of America raised their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, Morgan Stanley restated an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a research report on Monday. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.12.

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.