Voya Investment Management LLC Has $503.56 Million Stock Position in Palantir Technologies Inc. $PLTR

Voya Investment Management LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 25.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,763,364 shares of the company’s stock after selling 966,686 shares during the period. Voya Investment Management LLC owned about 0.12% of Palantir Technologies worth $503,560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies during the third quarter valued at approximately $31,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the 2nd quarter worth approximately $25,000. Briaud Financial Planning Inc purchased a new position in Palantir Technologies during the 2nd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in Palantir Technologies during the 2nd quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies during the 2nd quarter valued at $28,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $105,410,476.14. The trade was a 18.91% 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 Stephen Andrew Cohen sold 308,635 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $97,082.08. This represents a 99.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,008,844 shares of company stock valued at $164,750,951. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $185.69 on Friday. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The business’s 50-day moving average price is $179.38 and its two-hundred day moving average price is $164.99. The company has a market capitalization of $442.58 billion, a P/E ratio of 442.13, a price-to-earnings-growth ratio of 6.87 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s quarterly revenue was up 62.8% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler raised their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Mizuho upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets lifted their target price on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, UBS Group upped their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.28.

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.