Palantir Technologies Inc. (NYSE:PLTR) Stock Holdings Increased by Empirical Capital Management LLC

Empirical Capital Management LLC grew its stake in Palantir Technologies Inc. (NYSE:PLTR) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Palantir Technologies comprises approximately 10.5% of Empirical Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Empirical Capital Management LLC’s holdings in Palantir Technologies were worth $14,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Walter & Keenan Wealth Management LLC IN ADV lifted its position in Palantir Technologies by 1.2% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock worth $729,000 after buying an additional 235 shares during the period. Greater Midwest Financial Group LLC lifted its position in Palantir Technologies by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after buying an additional 250 shares during the period. Quantum Private Wealth LLC lifted its position in Palantir Technologies by 1.1% during the third quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock worth $865,000 after buying an additional 250 shares during the period. Truvestments Capital LLC lifted its position in Palantir Technologies by 2.4% during the third quarter. Truvestments Capital LLC now owns 12,169 shares of the company’s stock worth $453,000 after buying an additional 291 shares during the period. Finally, LCM Capital Management Inc lifted its position in Palantir Technologies by 0.9% during the third quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock worth $1,207,000 after buying an additional 300 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $71.87 on Friday. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $72.98. The firm has a market cap of $163.72 billion, a P/E ratio of 359.35, a price-to-earnings-growth ratio of 9.59 and a beta of 2.87. The stock has a 50-day simple moving average of $51.46 and a 200-day simple moving average of $36.20.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 155,539 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the completion of the sale, the insider now owns 331,369 shares in the company, valued at $11,604,542.38. This trade represents a 31.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.35, for a total value of $218,100.00. Following the sale, the director now owns 152,280 shares of the company’s stock, valued at approximately $5,535,378. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,423,181 shares of company stock worth $1,972,588,658 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on PLTR. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America raised their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a report on Thursday, November 7th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday. Finally, Wedbush raised their price objective on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $35.64.

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.