Beaird Harris Wealth Management LLC Grows Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Beaird Harris Wealth Management LLC raised its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 1,736.1% during the third quarter, Holdings Channel.com reports. The fund owned 31,085 shares of the company’s stock after buying an additional 29,392 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Palantir Technologies were worth $1,156,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLTR. Naples Global Advisors LLC boosted its position in shares of Palantir Technologies by 11.1% during the second quarter. Naples Global Advisors LLC now owns 10,000 shares of the company’s stock worth $253,000 after acquiring an additional 1,000 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of Palantir Technologies by 10.4% during the second quarter. Miracle Mile Advisors LLC now owns 15,010 shares of the company’s stock valued at $380,000 after purchasing an additional 1,420 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Palantir Technologies by 42.3% in the second quarter. Blue Trust Inc. now owns 16,646 shares of the company’s stock worth $422,000 after purchasing an additional 4,945 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Palantir Technologies by 34.7% in the second quarter. Brookstone Capital Management now owns 31,975 shares of the company’s stock worth $810,000 after purchasing an additional 8,243 shares during the last quarter. Finally, Gradient Investments LLC lifted its position in shares of Palantir Technologies by 21.4% in the second quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after buying an additional 406 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 1.0 %

PLTR stock opened at $73.20 on Friday. The firm has a market cap of $166.75 billion, a price-to-earnings ratio of 366.02, a PEG ratio of 9.70 and a beta of 2.87. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $80.91. The business’s fifty day simple moving average is $55.02 and its two-hundred day simple moving average is $38.01.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson lifted their price objective on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Thursday, November 7th. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Finally, Northland Securities lifted their price target on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.40.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at $5,535,378. This represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $232,011,546.06. This represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,252,313 shares of company stock valued at $1,967,089,241 over the last quarter. 12.93% of the stock is owned by corporate insiders.

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.