Palantir Technologies Inc. $PLTR Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,531 shares of the company’s stock after selling 1,651 shares during the period. Machina Capital S.A.S.’s holdings in Palantir Technologies were worth $3,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tsfg LLC increased its stake in shares of Palantir Technologies by 2.4% during the second quarter. Tsfg LLC now owns 5,568 shares of the company’s stock valued at $759,000 after acquiring an additional 131 shares during the period. Westside Investment Management Inc. increased its stake in shares of Palantir Technologies by 98.5% during the second quarter. Westside Investment Management Inc. now owns 794 shares of the company’s stock valued at $105,000 after acquiring an additional 394 shares during the period. Burney Co. boosted its holdings in Palantir Technologies by 2.6% during the second quarter. Burney Co. now owns 7,363 shares of the company’s stock worth $1,004,000 after buying an additional 188 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in Palantir Technologies during the second quarter worth approximately $290,000. Finally, Telos Capital Management Inc. boosted its holdings in Palantir Technologies by 9.7% during the second quarter. Telos Capital Management Inc. now owns 4,387 shares of the company’s stock worth $598,000 after buying an additional 387 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 3.0%

Palantir Technologies stock opened at $200.47 on Monday. The company has a market capitalization of $475.58 billion, a P/E ratio of 668.26, a P/E/G ratio of 10.87 and a beta of 2.63. The firm’s fifty day simple moving average is $174.75 and its 200-day simple moving average is $151.19. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $204.18.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLTR. Citigroup raised their target price on shares of Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Loop Capital raised their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $142.00.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.