Palantir Technologies Inc. $PLTR Shares Purchased by Strategic Advisors LLC

Strategic Advisors LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 553.7% in the 4th quarter, Holdings Channel reports. The firm owned 10,707 shares of the company’s stock after buying an additional 9,069 shares during the quarter. Strategic Advisors LLC’s holdings in Palantir Technologies were worth $1,903,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PLTR. Bare Financial Services Inc increased its holdings in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at $29,000. Morton Brown Family Wealth LLC increased its holdings in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at $32,000. Finally, Clayton Financial Group LLC increased its holdings in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at $87,444,607.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This represents a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 922,524 shares of company stock worth $125,501,302 over the last 90 days. 9.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Tuesday, February 3rd. Phillip Securities raised their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Citigroup lifted their target price on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.76.

View Our Latest Research Report on Palantir Technologies

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $160.65 on Tuesday. The stock has a market cap of $385.13 billion, a price-to-earnings ratio of 180.51, a PEG ratio of 2.48 and a beta of 1.52. Palantir Technologies Inc. has a 12 month low of $118.93 and a 12 month high of $207.52. The stock’s 50 day moving average price is $141.80 and its 200 day moving average price is $155.65.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. On average, sell-side analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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