Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Global Financial Private Client LLC

Global Financial Private Client LLC boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,560 shares of the company’s stock after acquiring an additional 588 shares during the period. Global Financial Private Client LLC’s holdings in Palantir Technologies were worth $191,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PLTR. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth $25,000. First United Bank & Trust purchased a new position in Palantir Technologies during the fourth quarter worth about $26,000. West Paces Advisors Inc. raised its stake in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 620 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Palantir Technologies by 105.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after purchasing an additional 691 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of Palantir Technologies by 332.8% in the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after buying an additional 1,065 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Palantir Technologies news, Director Alexander D. Moore sold 20,422 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $22.94, for a total value of $468,480.68. Following the transaction, the director now directly owns 1,587,707 shares in the company, valued at $36,421,998.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. The disclosure for this sale can be found here. Insiders sold 714,648 shares of company stock worth $21,567,539 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. DA Davidson upped their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Raymond James raised their price objective on Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.93.

Palantir Technologies Price Performance

Shares of NYSE PLTR traded up $0.49 during mid-day trading on Friday, hitting $31.49. The company had a trading volume of 42,303,115 shares, compared to its average volume of 54,655,855. The company has a market capitalization of $70.12 billion, a PE ratio of 262.42, a price-to-earnings-growth ratio of 5.66 and a beta of 2.71. The business’s 50-day simple moving average is $28.21 and its 200 day simple moving average is $24.87. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $33.13.

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). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same period in the prior year, the business earned $0.01 EPS. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

About Palantir Technologies

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.