Winthrop Advisory Group LLC Decreases Position in Palantir Technologies Inc. (NYSE:PLTR)

Winthrop Advisory Group LLC lessened its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,084 shares of the company’s stock after selling 1,500 shares during the period. Winthrop Advisory Group LLC’s holdings in Palantir Technologies were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Tsfg LLC lifted its holdings in shares of Palantir Technologies by 66.7% during the 2nd quarter. Tsfg LLC now owns 1,250 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Palantir Technologies by 1.8% during the 2nd quarter. Harbor Investment Advisory LLC now owns 28,502 shares of the company’s stock valued at $751,000 after purchasing an additional 500 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Palantir Technologies by 34.5% during the 2nd quarter. Allworth Financial LP now owns 1,948 shares of the company’s stock valued at $51,000 after purchasing an additional 500 shares during the last quarter. Beaumont Financial Partners LLC lifted its holdings in shares of Palantir Technologies by 0.3% during the 2nd quarter. Beaumont Financial Partners LLC now owns 202,164 shares of the company’s stock valued at $5,329,000 after purchasing an additional 560 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its position in shares of Palantir Technologies by 2.9% in the 3rd quarter. Archford Capital Strategies LLC now owns 20,946 shares of the company’s stock valued at $504,000 after acquiring an additional 581 shares during the period. Hedge funds and other institutional investors own 22.72% of the company’s stock.

Several research firms recently issued reports on PLTR. Morgan Stanley upped their target price on Palantir Technologies from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, November 10th. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, August 12th. Credit Suisse Group began coverage on Palantir Technologies in a research report on Tuesday, November 16th. They issued a “neutral” rating and a $25.00 target price on the stock. Royal Bank of Canada downgraded Palantir Technologies from a “sector perform” rating to an “underperform” rating and cut their target price for the company from $25.00 to $19.00 in a research report on Tuesday, November 9th. Finally, Wolfe Research cut their price target on Palantir Technologies from $25.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 10th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.22.

Shares of PLTR stock traded up $0.52 during mid-day trading on Thursday, hitting $21.11. 35,233,903 shares of the stock were exchanged, compared to its average volume of 58,508,445. The firm has a fifty day moving average of $24.65 and a 200 day moving average of $24.01. Palantir Technologies Inc. has a 52-week low of $17.06 and a 52-week high of $45.00. The company has a market cap of $41.23 billion, a PE ratio of -78.19 and a beta of 6.32.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Tuesday, November 9th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Palantir Technologies had a negative net margin of 35.81% and a positive return on equity of 19.62%. During the same quarter last year, the company posted $0.09 EPS.

In other Palantir Technologies news, insider Alexander C. Karp sold 638,629 shares of the firm’s stock in a transaction that occurred on Thursday, September 9th. The shares were sold at an average price of $26.01, for a total value of $16,610,740.29. Following the transaction, the insider now directly owns 200,592 shares of the company’s stock, valued at approximately $5,217,397.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Spencer M. Rascoff sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the sale, the director now owns 159,682 shares of the company’s stock, valued at approximately $4,182,071.58. The disclosure for this sale can be found here. Insiders sold a total of 7,720,472 shares of company stock worth $191,429,864 over the last ninety days. 17.00% of the stock is currently owned by corporate insiders.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, 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.

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

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