OneAscent Financial Services LLC Lowers Stock Position in Palantir Technologies Inc. $PLTR

OneAscent Financial Services LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 66.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,356 shares of the company’s stock after selling 4,671 shares during the quarter. OneAscent Financial Services LLC’s holdings in Palantir Technologies were worth $430,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Kathmere Capital Management LLC boosted its position in Palantir Technologies by 3.6% during the 3rd quarter. Kathmere Capital Management LLC now owns 17,079 shares of the company’s stock valued at $3,116,000 after acquiring an additional 593 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Palantir Technologies by 96.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,513 shares of the company’s stock valued at $641,000 after acquiring an additional 1,724 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in shares of Palantir Technologies by 3.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 1,837 shares of the company’s stock worth $335,000 after purchasing an additional 60 shares during the last quarter. Gries Financial LLC acquired a new stake in Palantir Technologies during the 3rd quarter valued at approximately $263,000. Finally, Autumn Glory Partners LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $365,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 3.7%

Shares of PLTR opened at $174.04 on Tuesday. The company has a market capitalization of $414.81 billion, a price-to-earnings ratio of 414.39, a price-to-earnings-growth ratio of 4.22 and a beta of 1.54. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The stock has a 50 day moving average price of $180.57 and a 200 day moving average price of $169.74.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLTR. DA Davidson lifted their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. HSBC upped their target price on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Citigroup raised their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Truist Financial set a $223.00 price objective on shares of Palantir Technologies in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $174.69.

Check Out Our Latest Report on Palantir Technologies

Insider Buying and Selling

In other news, insider David A. Glazer sold 15,557 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 value of $2,551,192.43. Following the transaction, the insider owned 415,612 shares of the company’s stock, valued at approximately $68,156,211.88. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,008,044 shares of company stock worth $164,601,839. 9.23% of the stock is currently owned by insiders.

Trending Headlines about Palantir Technologies

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Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

See Also

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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