Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 88.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,486 shares of the company’s stock after selling 18,754 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Palantir Technologies were worth $92,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after purchasing an additional 4,667,955 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after purchasing an additional 68,945 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Palantir Technologies by 19.2% during the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock worth $20,146,000 after purchasing an additional 87,062 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of Palantir Technologies by 97.9% during the third quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company’s stock worth $7,515,000 after purchasing an additional 99,921 shares during the last quarter. Finally, Boston Family Office LLC boosted its holdings in shares of Palantir Technologies by 48.0% during the third quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock worth $1,376,000 after purchasing an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Jefferies Financial Group cut Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price on the stock. in a report on Thursday, November 7th. Wedbush lifted their target price on Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.64.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 155,539 shares of Palantir Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the sale, the insider now directly owns 331,369 shares of the company’s stock, valued at approximately $11,604,542.38. The trade was a 31.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the sale, the director now directly owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,163,181 shares of company stock valued at $1,603,288,758. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

NYSE:PLTR opened at $66.05 on Friday. The business’s 50-day moving average is $48.27 and its two-hundred day moving average is $34.55. Palantir Technologies Inc. has a 12 month low of $15.66 and a 12 month high of $67.88. The firm has a market capitalization of $150.46 billion, a PE ratio of 330.25 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period last year, the company posted $0.03 earnings per share. The firm’s revenue was up 30.0% compared to the same quarter last year. Equities analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Palantir Technologies Company 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.