Kapstone Financial Advisors LLC Grows Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Kapstone Financial Advisors LLC raised its position in Palantir Technologies Inc. (NYSE:PLTR) by 14.1% during the third quarter, HoldingsChannel.com reports. The firm owned 33,988 shares of the company’s stock after buying an additional 4,208 shares during the quarter. Palantir Technologies comprises 0.8% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Kapstone Financial Advisors LLC’s holdings in Palantir Technologies were worth $1,252,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $30,000. Finally, Beacon Capital Management LLC grew its stake in shares of Palantir Technologies by 269.5% in the first quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock valued at $35,000 after buying an additional 1,105 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 160,000 shares of Palantir Technologies stock in a transaction on Friday, August 16th. The stock was sold at an average price of $32.00, for a total transaction of $5,120,000.00. Following the sale, the insider now owns 372,565 shares of the company’s stock, valued at $11,922,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Palantir Technologies news, insider Ryan D. Taylor sold 160,000 shares of Palantir Technologies stock in a transaction on Friday, August 16th. The stock was sold at an average price of $32.00, for a total transaction of $5,120,000.00. Following the sale, the insider now owns 372,565 shares of the company’s stock, valued at $11,922,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,399,238 shares of company stock valued at $1,041,851,557 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PLTR shares. Raymond James lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Bank of America raised their price objective on Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Citigroup raised 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. Finally, Mizuho raised their price objective on Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average target price of $31.71.

Palantir Technologies Stock Down 2.0 %

Shares of PLTR traded down $1.21 during mid-day trading on Thursday, hitting $59.49. The stock had a trading volume of 15,128,788 shares, compared to its average volume of 57,744,125. The company has a market cap of $133.22 billion, a PE ratio of 303.52 and a beta of 2.70. The company’s fifty day simple moving average is $41.90 and its two-hundred day simple moving average is $31.45. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $63.39.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

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.