Palantir Technologies Inc. (NYSE:PLTR) Shares Bought by Canton Hathaway LLC

Canton Hathaway LLC grew its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 74.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,700 shares of the company’s stock after acquiring an additional 2,000 shares during the period. Canton Hathaway LLC’s holdings in Palantir Technologies were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth about $262,000. Advisors Asset Management Inc. raised its holdings in Palantir Technologies by 87.8% in the first quarter. Advisors Asset Management Inc. now owns 13,742 shares of the company’s stock valued at $316,000 after acquiring an additional 6,426 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Palantir Technologies by 133.0% in the first quarter. Lazard Asset Management LLC now owns 472,497 shares of the company’s stock worth $10,871,000 after acquiring an additional 269,697 shares during the last quarter. BOKF NA grew its holdings in Palantir Technologies by 394.4% during the 1st quarter. BOKF NA now owns 30,039 shares of the company’s stock worth $687,000 after acquiring an additional 23,963 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Palantir Technologies by 31.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,877,457 shares of the company’s stock valued at $135,241,000 after purchasing an additional 1,413,417 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 1,620,395 shares of Palantir Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at $406,583,028.18. The trade was a 20.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 8,860 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $514,411.60. Following the transaction, the director now owns 121,390 shares in the company, valued at $7,047,903.40. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,167,451 shares of company stock valued at $1,603,067,889. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 4.3 %

Palantir Technologies stock opened at $67.10 on Monday. The firm has a market capitalization of $152.86 billion, a PE ratio of 321.77 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $67.10. The firm’s 50-day simple moving average is $45.94 and its 200 day simple moving average is $33.48.

Palantir Technologies (NYSE:PLTR) last announced its earnings results 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 company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. On average, research analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 6th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research note on Thursday, November 7th. Raymond James downgraded 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 target on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday. Finally, Mizuho upped their price objective on Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a report on Tuesday, November 5th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.64.

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.