GSB Wealth Management LLC Sells 5,955 Shares of Palantir Technologies Inc. (NYSE:PLTR)

GSB Wealth Management LLC lessened its position in Palantir Technologies Inc. (NYSE:PLTR) by 25.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,780 shares of the company’s stock after selling 5,955 shares during the quarter. GSB Wealth Management LLC’s holdings in Palantir Technologies were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co boosted its position in Palantir Technologies by 7.9% during the first quarter. Diversified Trust Co now owns 22,671 shares of the company’s stock valued at $522,000 after buying an additional 1,669 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Palantir Technologies by 29.3% during the first quarter. Miracle Mile Advisors LLC now owns 13,590 shares of the company’s stock worth $313,000 after purchasing an additional 3,080 shares during the period. Claro Advisors LLC boosted its holdings in shares of Palantir Technologies by 18.0% during the first quarter. Claro Advisors LLC now owns 15,398 shares of the company’s stock worth $354,000 after purchasing an additional 2,346 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Palantir Technologies by 218.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 60,720 shares of the company’s stock worth $1,397,000 after purchasing an additional 41,666 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 71.9% during the first quarter. SeaCrest Wealth Management LLC now owns 25,725 shares of the company’s stock worth $592,000 after purchasing an additional 10,764 shares during the period. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Bank of America raised their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Mizuho raised their price objective on shares of Palantir Technologies from $24.00 to $30.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, Wedbush raised their price objective on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the transaction, the director now owns 65,989 shares in the company, valued at $1,744,089.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the transaction, the director now owns 65,989 shares in the company, valued at $1,744,089.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 249,684 shares of Palantir Technologies stock in a transaction on Friday, August 9th. The stock was sold at an average price of $30.01, for a total transaction of $7,493,016.84. Following the transaction, the insider now owns 372,565 shares in the company, valued at $11,180,675.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,207,558 shares of company stock worth $802,735,278. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Down 0.8 %

Shares of PLTR stock opened at $44.56 on Wednesday. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $45.14. The firm’s 50 day moving average is $37.36 and its 200 day moving average is $29.17. The stock has a market capitalization of $99.79 billion, a P/E ratio of 264.44 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the prior year, the business posted $0.01 EPS. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share 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.