Intrepid Financial Planning Group LLC Purchases 3,065 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Intrepid Financial Planning Group LLC lifted its position in Palantir Technologies Inc. (NYSE:PLTR) by 13.0% in the 3rd quarter, Holdings Channel reports. The fund owned 26,640 shares of the company’s stock after acquiring an additional 3,065 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Palantir Technologies were worth $991,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $25,000. Creekmur Asset Management LLC raised its position in shares of Palantir Technologies by 46.0% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $30,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $55.03, for a total value of $247,635,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $353,967,157.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $55.03, for a total value of $247,635,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $353,967,157.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the transaction, the insider now owns 752,786 shares in the company, valued at $24,352,627.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,462,878 shares of company stock worth $1,043,597,696 in the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 3.2 %

Shares of PLTR opened at $60.27 on Tuesday. The business’s fifty day simple moving average is $40.71 and its two-hundred day simple moving average is $30.98. Palantir Technologies Inc. has a 12 month low of $15.66 and a 12 month high of $62.08. The company has a market cap of $134.97 billion, a price-to-earnings ratio of 301.37 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PLTR shares. Monness Crespi & Hardt reduced their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Bank of America raised their price objective on Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. DA Davidson raised their price objective on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Securities raised their price objective on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $31.71.

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.