New York State Common Retirement Fund Sells 199,120 Shares of Palantir Technologies Inc. (NYSE:PLTR)

New York State Common Retirement Fund cut its position in Palantir Technologies Inc. (NYSE:PLTR) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,348,658 shares of the company’s stock after selling 199,120 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Palantir Technologies worth $23,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PLTR. DAVENPORT & Co LLC raised its stake in shares of Palantir Technologies by 8.3% in the third quarter. DAVENPORT & Co LLC now owns 55,852 shares of the company’s stock valued at $894,000 after buying an additional 4,300 shares during the period. Meridian Wealth Management LLC purchased a new position in shares of Palantir Technologies in the third quarter valued at $246,000. Exchange Traded Concepts LLC grew its position in shares of Palantir Technologies by 6.5% in the third quarter. Exchange Traded Concepts LLC now owns 111,810 shares of the company’s stock valued at $1,789,000 after purchasing an additional 6,871 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Palantir Technologies by 0.3% in the third quarter. Handelsbanken Fonder AB now owns 381,075 shares of the company’s stock valued at $6,097,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of Palantir Technologies by 25.8% in the third quarter. Valeo Financial Advisors LLC now owns 30,696 shares of the company’s stock valued at $491,000 after purchasing an additional 6,295 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PLTR shares. Mizuho lifted their price target on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Royal Bank of Canada reiterated an “underperform” rating and issued a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $13.00 to $22.00 in a research report on Tuesday, February 6th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research report on Wednesday, February 14th. Finally, Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $20.00 in a research report on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $18.35.

Palantir Technologies Trading Up 3.7 %

NYSE PLTR opened at $22.52 on Friday. Palantir Technologies Inc. has a 1-year low of $7.28 and a 1-year high of $27.50. The stock has a 50-day moving average of $23.45 and a 200-day moving average of $20.05. The firm has a market cap of $49.82 billion, a PE ratio of 250.19, a price-to-earnings-growth ratio of 5.32 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The company had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $22.74, for a total transaction of $113,700.00. Following the completion of the transaction, the director now owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Heather A. Planishek sold 32,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $25.95, for a total value of $851,886.60. Following the completion of the transaction, the insider now owns 662,006 shares in the company, valued at approximately $17,179,055.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the completion of the transaction, the director now owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The disclosure for this sale can be found here. Insiders sold 7,456,273 shares of company stock valued at $184,343,202 in the last 90 days. Insiders own 13.96% of the company’s stock.

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.