On May 19, 2023 at 10:30:26 a.m. ET, an unusually large $82,32,000 block of call contracts at Palantir Technologies Inc – (PLTR) was purchased, with a strike price of $12.00 / share, expiring in 28 day(s) (June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.12 sigma above the average, putting it in the 88.84th percentile of all recent large options trades PLTR .
This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.
What is fund sentiment?
There are 1072 funds or institutions reporting positions in Palantir Technologies Inc -. This is an increase of 1 owner(s) or 0.09% over the last quarter. Average portfolio weight of all funds dedicated to PLTR is 0.16%, an increase of 56.07%. The total number of shares held by institutions has decreased by 2.29% over the past three months to 699,705,000 shares. The put/call ratio of the PLTR is 0.51, indicating a bullish outlook.
Analyst price predictions suggest a 21.99% drop
As of May 11, 2023, the one-year average price target for Palantir Technologies Inc – is 9.16. The forecast ranges from a low of 5.05 to a high of $15.75. The average price target represents a decline of 21.99% from its last published closing price of 11.74.
Check out our ranking of companies with the biggest upward price target.
The projected annual revenue for Palantir Technologies Inc – is 2,370 million, an increase of 19.41%. Projected annual non-GAAP EPS is 0.17.
What are the other shareholders doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 51,073,000 shares representing 2.41% ownership of the company. In its previous filing, the company stated that it held 49,778,000 shares, representing a raise 2.54%. The company decreases its portfolio allocation in PLTR of 25.18% over the last quarter.
Renaissance Technologies holds 40,614,000 shares representing 1.92% ownership of the company. In its previous filing, the company said it held 43,000,000 shares, representing a decrease of 5.88%. The company increase its portfolio allocation in PLTR of 20.58% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares owns 38,853,000 shares representing 1.83% ownership of the company. In its previous filing, the company stated that it held 38,118,000 shares, representing a raise of 1.89%. The company decreases its portfolio allocation in PLTR of 26.07% over the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares owns 23,962,000 shares representing 1.13% ownership of the company. In its previous filing, the company stated that it holds 23,506,000 shares, representing a raise 1.90%. The company decreases its portfolio allocation in PLTR of 22.43% over the last quarter.
Geode Capital Management holds 23,712K shares representing 1.12% ownership of the company. In its previous filing, the company stated that it holds 22,965,000 shares, representing a raise 3.15%. The company increase its portfolio allocation in PLTR of 25.72% over the last quarter.
General information about Palantir Technologies
(This description is provided by the company.)
Palantir Technologies Inc. is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes to discovering new medicines and fighting terrorism, Palantir helps clients in the public, private and nonprofit sectors transform the way they use their data.
Key deposits for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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