On April 3, 2023 at 10:59:06 ET an unusually large $277.05K block of Call contracts in Palantir Technologies Inc. (PLTR) was sold, with a strike price of $5.00 / share, expiring in 46 days (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.46 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in PLTR options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 8.80% Upside
As of March 30, 2023, the average one-year price target for Palantir Technologies Inc. is $9.19. The forecasts range from a low of $5.05 to a high of $15.75. The average price target represents an increase of 8.80% from its latest reported closing price of $8.45.
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The projected annual revenue for Palantir Technologies Inc. is $2,370MM, an increase of 24.35%. The projected annual non-GAAP EPS is $0.17.
What is the Fund Sentiment?
There are 1066 funds or institutions reporting positions in Palantir Technologies Inc.. This is an increase of 5 owner(s) or 0.47% in the last quarter. Average portfolio weight of all funds dedicated to PLTR is 0.12%, a decrease of 32.16%. Total shares owned by institutions increased in the last three months by 3.60% to 712,736K shares. The put/call ratio of PLTR is 0.44, indicating a bullish outlook.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 51,073K shares representing 2.43% ownership of the company. In it’s prior filing, the firm reported owning 49,778K shares, representing an increase of 2.54%. The firm decreased its portfolio allocation in PLTR by 25.18% over the last quarter.
Renaissance Technologies holds 43,000K shares representing 2.05% ownership of the company. In it’s prior filing, the firm reported owning 33,130K shares, representing an increase of 22.95%. The firm decreased its portfolio allocation in PLTR by 0.88% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 38,853K shares representing 1.85% ownership of the company. In it’s prior filing, the firm reported owning 38,118K shares, representing an increase of 1.89%. The firm decreased its portfolio allocation in PLTR by 26.07% over the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 23,962K shares representing 1.14% ownership of the company. In it’s prior filing, the firm reported owning 23,506K shares, representing an increase of 1.90%. The firm decreased its portfolio allocation in PLTR by 22.43% over the last quarter.
Geode Capital Management holds 22,965K shares representing 1.09% ownership of the company. In it’s prior filing, the firm reported owning 21,854K shares, representing an increase of 4.84%. The firm decreased its portfolio allocation in PLTR by 23.26% over the last quarter.
Palantir Technologies Background Information
(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 drugs and combating terrorism, Palantir helps customers across the public, private, and non-profit sectors transform the way they use their data.
This article originally appeared on Fintel
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