Intrepid Financial Planning Group LLC Purchases 3,065 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Intrepid Financial Planning Group LLC raised its position in Palantir Technologies Inc. (NYSE:PLTR) by 13.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,640 shares of the company’s stock after buying an additional 3,065 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Palantir Technologies were worth $991,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PLTR. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock valued at $4,529,164,000 after purchasing an additional 3,029,317 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Palantir Technologies by 5.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,982,925 shares of the company’s stock valued at $557,365,000 after purchasing an additional 808,444 shares during the period. ARK Investment Management LLC raised its stake in shares of Palantir Technologies by 2.2% during the 2nd quarter. ARK Investment Management LLC now owns 13,023,099 shares of the company’s stock valued at $329,875,000 after purchasing an additional 277,623 shares during the period. Legal & General Group Plc raised its stake in shares of Palantir Technologies by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 11,917,200 shares of the company’s stock valued at $301,871,000 after purchasing an additional 167,030 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Palantir Technologies by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,326,275 shares of the company’s stock valued at $185,575,000 after purchasing an additional 292,885 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 72,500 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $31.18, for a total transaction of $2,260,550.00. Following the completion of the sale, the insider now directly owns 298,012 shares in the company, valued at $9,292,014.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the sale, the director now owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 72,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $31.18, for a total value of $2,260,550.00. Following the completion of the sale, the insider now owns 298,012 shares of the company’s stock, valued at approximately $9,292,014.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,462,878 shares of company stock worth $1,043,597,696 in the last ninety days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Trading Up 3.2 %

PLTR opened at $60.27 on Tuesday. The stock has a 50-day moving average price of $40.71 and a 200-day moving average price of $30.98. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $62.08. The stock has a market capitalization of $134.97 billion, a P/E ratio of 301.37 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on PLTR shares. Royal Bank of Canada reiterated an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 6th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Bank of America upped their target price on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Northland Securities upped their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Wedbush upped their target price on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.71.

Palantir Technologies 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.