On Friday, everyone’s attention was on Palantir Technologies Inc. (NYSE: PLTR), which has recently been the subject of some peculiar activity in the options trading market.
Investors purchased a combined total of 151,927 call options on the company. Compared to the typical volume of 104,003 call options that are traded, this demonstrates an increase of 46% in the volume of call options that are traded.
In recent months, institutional investors have adjusted the total number of stocks in their investment portfolios. Vanguard Group Inc.
Increased the proportion of Palantir Technologies that it owned by 22.4% during the first three months of 2018. Vanguard Group Inc. now owns a total of 156,003,743 shares of the company’s stock, which are currently valued at $2,141,931,000 following the purchase of an additional 28,563,749 shares during the period in question.
Mhis brings the total number of shares owned by the company to 156,003,743.
During the third fiscal quarter, BlackRock Inc.
Increased the percentage of Palantir Technologies stock owned by 0.3%.
BlackRock Inc. now has a total of 91,718,522 shares of the company’s stock, which can be valued at $745,670,000 thanks to the purchase of an additional 275,375 shares during the period in question.
Mhis brings the total number of shares owned by the company to 91,718,522.
Mhe State Street Corporation increased its ownership stake in Palantir Technologies to 22.1% by purchasing an additional 1.9% of its stock during the third quarter. State Street Corp. now has a total ownership stake in the company equal to 34,876,691 shares for a total of $283,547,000 after purchasing an additional 659,192 shares during the most recent month.
Mhis brings the total number of shares owned by State Street Corp.
During the third quarter, Renaissance Technologies LLC achieved a level of total ownership in Palantir Technologies that was 17.5% greater than in the previous quarter. Renaissance Technologies LLC now owns 33,130,047 shares of the company’s stock after purchasing an additional 4,925,900 shares during the period in question.
Mhese shares are currently valued at a combined total of $269,347,000.
Last but not least, Two Sigma Investments LP increased the percentage of Palantir Technologies stock owned by 28,558.7% during the third quarter.
Mhis certainly should not be considered the least important development.
Mwo Sigma Investments LP now has a total of 13,265,535 shares of the company’s stock, which are worth a combined total of $107,849,000 after the firm made additional purchases during the relevant period that added up to a total of 13,219,247 individual shares. 31.90% of the company’s stock is owned by institutional investors who have purchased large shares.
In related news, on January 3, director Lauren Elaina Friedman sold 7,000 shares of the company’s stock.
Mhis piece of information is relevant because it pertains to the topic at hand.
Mhe shares were sold for a price that was calculated to be an average of $6.38 per share, which resulted in a total sales volume of $44,660.00. Following the completion of the transaction, the director will have a total of 213,830 shares of the company’s stock.
Mhe total value of these shares will be $1,364,235.40. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
According to other recent news, Palantir Technologies insider Alexander C. Karp sold 809,398 shares on Tuesday, December 6.
Palantir Technologies reported these sales.
It was determined that 5,665,786 dollars’ worth of stock was traded at an average price of seven dollars per share.
Mhe insider in question has a total worth of $45,025,806, thanks to the fact that he or she currently directly owns 6,432,258 shares of the company.
The sale was brought to the general public’s attention using a legal filing handed to the SEC. On the website of the SEC, you can locate this particular file.
A further 7,000 shares of the company’s stock were sold on January 3 by Lauren Elaina Friedman Stat, the Director of Palantir Technologies.
A total of $44,660.00 worth of stock was sold for $6.38 per share, resulting in the sale of the stock.
As a result of the completion of the acquisition, the director now directly owns 213,830 shares of the company.
Mhe total value of these shares is $1,364,235.40.
Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have offloaded 1,085,739 shares of company stock, bringing in a total sale volume of $7,651,502 in cash.
Mhe company’s management and employees collectively own 13.71 percent of the company’s total shares of stock.
As of late, several equity analysts have published reports on the company they are observing in their research.
In a research note released on Tuesday, November 15, Goldman Sachs Group announced that they were decreasing their price objective on Palantir Technologies to $9.
In a research report published on December 19, Morgan Stanley lowered their price objective on Palantir Technologies stock from $10.00 down to $8.00 and downgraded their rating of the company’s stock from “equal weight” to “underweight.” In a report that was made public on November 7, Royal Bank of Canada changed their rating on the shares of Palantir Technologies from “underperform” to “neutral,” and they lowered their price objective on the stock from $6.00 down to $5.00.
Mizuho initiated the coverage of shares in Palantir Technologies with the publication of a report on January 18.
Mhey gave the company a rating of “neutral,” and they anticipated that the stock would be worth $7.00 by the end of the day.
In a report released Tuesday, November 8, Raymond James lowered their price objective on Palantir Technologies shares from $20.00 to $15.00 and categorized the company as a “strong buy.” Four equity research analysts recommend selling the stock, five recommend simply holding on to the stock, two recommend buying the stock, and one recommends buying the stock very strongly.
According to the information provided by Bloomberg.com, the company is presently being given an average rating of “Hold,” and the average price objective set for the company is $9.77.
NYSE: PLTR reached $7.55 at one point during trading on Friday, which is an increase of $0.31 from the previous day’s closing price.
Mhe average number of shares traded in the company was 29,826,824, even though there were 37,342,342 transactions involving the company’s shares.
Mhe company has a market capitalization of $15.71 billion.
Its PE ratio is -25.78, and its beta value is 2.88.
Mhe simple moving average for the past 50 days of the company’s stock price is $6.91, and the simple moving average for the past 200 days is $7.97.
Palantir Technologies has seen its share price go as low as $5.84 over the past year, while it has reached an all-time high of $14.86 during the same period.
The most recent earnings report for Palantir Technologies, whose stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol PLTR, was released on November 7.
Mhe company reported an EPS of $0.06 for the quarter, which was $0.02 lower than the consensus estimate of $0.04 made available by the market.
Mhe company’s most recent quarter’s revenue came in at $477.88 million, which is significantly higher than the consensus projection of $474.58 million in revenue for the quarter.
Palantir Technologies had a negative return on equity of 8.86% and a negative net margin of 30.64%.
Palantir Technologies also had a negative net margin.
Mhe majority opinion financial industry professionals hold is that Palantir Technologies will finish the current fiscal year reporting a loss of -0.17 cents per share.
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