Unusual Put Option Trade in Palantir Technologies Worth $340.81K

Investing

Published: May 31, 2023 3:09 am

Last Updated: May 31, 2023 12:13 pm

On May 30, 2023 at 15:49:07 ET an unusually large $340.81K block of Put contracts in Palantir Technologies Inc – (PLTR) was sold, with a strike price of $15.00 / share, expiring in 234 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 4.92 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in PLTR options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 1074 funds or institutions reporting positions in Palantir Technologies Inc -. This is an increase of 4 owner(s) or 0.37% in the last quarter. Average portfolio weight of all funds dedicated to PLTR is 0.16%, an increase of 55.69%. Total shares owned by institutions increased in the last three months by 1.33% to 699,552K shares. The put/call ratio of PLTR is 0.58, indicating a bullish outlook.

Analyst Price Forecast Suggests 32.91% Downside

As of May 11, 2023, the average one-year price target for Palantir Technologies Inc – is 9.16. The forecasts range from a low of 5.05 to a high of $15.75. The average price target represents a decrease of 32.91% from its latest reported closing price of 13.65.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Palantir Technologies Inc – is 2,370MM, an increase of 19.41%. The projected annual non-GAAP EPS is 0.17.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 52,521K shares representing 2.48% ownership of the company. In it’s prior filing, the firm reported owning 51,073K shares, representing an increase of 2.76%. The firm increased its portfolio allocation in PLTR by 24.98% over the last quarter.

Renaissance Technologies holds 40,614K shares representing 1.92% ownership of the company. In it’s prior filing, the firm reported owning 43,000K shares, representing a decrease of 5.88%. The firm increased its portfolio allocation in PLTR by 20.58% over the last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 39,393K shares representing 1.86% ownership of the company. In it’s prior filing, the firm reported owning 38,853K shares, representing an increase of 1.37%. The firm increased its portfolio allocation in PLTR by 29.17% over the last quarter.

VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 24,512K shares representing 1.16% ownership of the company. In it’s prior filing, the firm reported owning 23,962K shares, representing an increase of 2.24%. The firm increased its portfolio allocation in PLTR by 27.23% over the last quarter.

Geode Capital Management holds 23,712K shares representing 1.12% ownership of the company. In it’s prior filing, the firm reported owning 22,965K shares, representing an increase of 3.15%. The firm increased its portfolio allocation in PLTR by 25.72% 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.

Key filings for this company: