43,079 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by GraniteShares Advisors LLC

GraniteShares Advisors LLC acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,079 shares of the company’s stock, valued at approximately $1,091,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after purchasing an additional 6,466,596 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Palantir Technologies by 183.3% in the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after acquiring an additional 102,479 shares during the period. Accel Wealth Management purchased a new position in shares of Palantir Technologies during the first quarter worth approximately $360,000. Panagora Asset Management Inc. raised its position in Palantir Technologies by 185.6% in the 4th quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after purchasing an additional 49,839 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at $262,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.5 %

Shares of NYSE PLTR traded up $0.48 during midday trading on Friday, hitting $31.48. The company had a trading volume of 42,388,023 shares, compared to its average volume of 56,472,148. The firm has a market capitalization of $70.50 billion, a price-to-earnings ratio of 262.36, a price-to-earnings-growth ratio of 5.55 and a beta of 2.71. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $33.13. The business has a 50-day simple moving average of $28.21 and a two-hundred day simple moving average of $24.88.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the completion of the transaction, the insider now owns 752,786 shares in the company, valued at $24,352,627.10. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Shyam Sankar sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at $24,352,627.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 11,373 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $32.25, for a total transaction of $366,779.25. Following the transaction, the insider now directly owns 600,633 shares of the company’s stock, valued at $19,370,414.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 714,648 shares of company stock worth $21,567,539. 12.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. DA Davidson lifted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group boosted their price target on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Citigroup upped their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Northland Securities started coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price on the stock. Finally, Raymond James upped their price target on Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.