Woodmont Investment Counsel LLC Lowers Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Woodmont Investment Counsel LLC reduced its stake in Palantir Technologies Inc. (NYSE:PLTR) by 31.5% during the third quarter, HoldingsChannel reports. The fund owned 34,840 shares of the company’s stock after selling 16,006 shares during the period. Woodmont Investment Counsel LLC’s holdings in Palantir Technologies were worth $1,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. State of Alaska Department of Revenue lifted its position in Palantir Technologies by 22.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after acquiring an additional 68,945 shares in the last quarter. Heritage Wealth Management Inc. CA bought a new position in shares of Palantir Technologies during the third quarter valued at $1,076,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at $6,339,000. Seven Grand Managers LLC bought a new stake in Palantir Technologies in the 3rd quarter worth about $930,000. Finally, Silvant Capital Management LLC raised its position in Palantir Technologies by 28.2% in the 3rd quarter. Silvant Capital Management LLC now owns 231,543 shares of the company’s stock worth $8,613,000 after buying an additional 50,883 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Mizuho lifted their price target on shares of Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a research note on Tuesday. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group raised their target price on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $29.93.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $232,011,546.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This 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 available through the SEC website. Also, insider Ryan D. Taylor sold 249,684 shares of the business’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 transaction, the insider now owns 372,565 shares of the company’s stock, valued at $11,180,675.65. This represents a 0.00 % decrease in their ownership of the stock. 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. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 8.6 %

Shares of PLTR opened at $55.51 on Thursday. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $55.69. The company has a 50 day moving average of $38.60 and a two-hundred day moving average of $29.97. The company has a market cap of $124.30 billion, a price-to-earnings ratio of 277.53 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping 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 10.41% and a net margin of 18.01%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Palantir Technologies Profile

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.