7,855 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) during the third quarter, Holdings Channel.com reports. The firm acquired 7,855 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fred Alger Management LLC grew its holdings 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 boosted its position 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 period. HBK Investments L P bought a new position in shares of Palantir Technologies during the third quarter valued at approximately $744,000. Rockefeller Capital Management L.P. raised its holdings in shares of Palantir Technologies by 5.8% in the third quarter. Rockefeller Capital Management L.P. now owns 1,336,779 shares of the company’s stock worth $49,728,000 after buying an additional 73,619 shares during the period. Finally, Centric Wealth Management bought a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $139,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 6,050 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.19, for a total value of $200,799.50. Following the completion of the transaction, the director now directly owns 158,280 shares of the company’s stock, valued at $5,253,313.20. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total transaction of $617,800.00. Following the sale, the director now directly owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. This represents a 1.31 % decrease in their position. 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 three months. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 1.6 %

Shares of NYSE:PLTR opened at $67.08 on Friday. The company has a market capitalization of $152.81 billion, a PE ratio of 335.42, a P/E/G ratio of 8.93 and a beta of 2.70. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $67.88. The business’s fifty day simple moving average is $48.86 and its 200-day simple moving average is $34.87.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLTR. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America raised their target price on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Wedbush boosted their price target on Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.