White Knight Strategic Wealth Advisors LLC Invests $292,000 in Palantir Technologies Inc. (NYSE:PLTR)

White Knight Strategic Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,855 shares of the company’s stock, valued at approximately $292,000.

A number of other large investors have also added to or reduced their stakes in the stock. Fred Alger Management LLC grew its position in Palantir Technologies by 153.6% during the 3rd quarter. Fred Alger Management LLC now owns 304,662 shares of the company’s stock valued at $11,333,000 after purchasing an additional 184,509 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Palantir Technologies by 11.5% during the third quarter. Captrust Financial Advisors now owns 425,445 shares of the company’s stock valued at $15,827,000 after buying an additional 43,916 shares during the last quarter. HBK Investments L P purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $744,000. Rockefeller Capital Management L.P. lifted its position in Palantir Technologies by 5.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,336,779 shares of the company’s stock valued at $49,728,000 after acquiring an additional 73,619 shares in the last quarter. Finally, Centric Wealth Management bought a new stake in Palantir Technologies in the 3rd quarter worth about $139,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.6 %

Shares of PLTR opened at $67.08 on Friday. The business’s 50 day moving average is $48.86 and its 200 day moving average is $34.87. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $67.88. The company has a market capitalization of $152.81 billion, a PE ratio of 335.42, a price-to-earnings-growth ratio of 8.93 and a beta of 2.70.

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

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This trade represents a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 6,050 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.19, for a total transaction of $200,799.50. Following the completion of the sale, the director now owns 158,280 shares in the company, valued at approximately $5,253,313.20. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,163,181 shares of company stock worth $1,603,288,758 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Bank of America increased their price target on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 25th. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Jefferies Financial Group downgraded 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 report on Thursday, November 7th. Royal Bank of Canada reissued an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 6th. Finally, Northland Securities raised their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.