Palantir Technologies Inc. $PLTR Position Reduced by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 16.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 579,512 shares of the company’s stock after selling 114,279 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Palantir Technologies were worth $78,999,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Palantir Technologies during the second quarter worth about $3,307,457,000. Kingstone Capital Partners Texas LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $2,543,888,000. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. State Street Corp grew its stake in shares of Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 39,136 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $6,115,000.00. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $92,500. This represents a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,008,844 shares of company stock worth $164,676,161. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $183.57 on Friday. The firm’s 50 day moving average price is $179.31 and its two-hundred day moving average price is $163.34. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The stock has a market cap of $437.53 billion, a price-to-earnings ratio of 437.08, a PEG ratio of 7.27 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PLTR. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. UBS Group upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Morgan Stanley raised their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. HSBC lifted their target price on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Finally, DA Davidson upped their target price on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.