Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,750 shares of the company’s stock after acquiring an additional 1,650 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Palantir Technologies were worth $698,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Palantir Technologies by 218.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 60,720 shares of the company’s stock valued at $1,397,000 after buying an additional 41,666 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Palantir Technologies by 43.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 21,291 shares of the company’s stock valued at $490,000 after acquiring an additional 6,491 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Palantir Technologies by 28.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 365,794 shares of the company’s stock valued at $8,417,000 after acquiring an additional 80,799 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Palantir Technologies in the first quarter worth $1,195,000. Finally, Choreo LLC bought a new stake in Palantir Technologies during the first quarter valued at $207,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the transaction, the director now directly owns 152,280 shares of the company’s stock, valued at $5,535,378. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.35, for a total transaction of $218,100.00. Following the completion of the sale, the director now directly owns 152,280 shares of the company’s stock, valued at $5,535,378. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather A. Planishek sold 11,373 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $32.25, for a total transaction of $366,779.25. Following the completion of the transaction, the insider now owns 600,633 shares in the company, valued at approximately $19,370,414.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,204,508 shares of company stock worth $802,654,666 over the last 90 days. 12.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price on the stock. Northland Capmk raised Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Mizuho raised their price target on Palantir Technologies from $24.00 to $30.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $27.86.

Palantir Technologies Trading Up 0.9 %

Palantir Technologies stock opened at $41.92 on Friday. The company’s 50-day moving average price is $37.98 and its two-hundred day moving average price is $29.55. The stock has a market cap of $93.88 billion, a price-to-earnings ratio of 246.60 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $45.14.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. Research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal 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.