VitalStone Financial LLC Grows Holdings in Palantir Technologies Inc. (NYSE:PLTR)

VitalStone Financial LLC increased its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 777.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,131 shares of the company’s stock after purchasing an additional 1,888 shares during the period. VitalStone Financial LLC’s holdings in Palantir Technologies were worth $54,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Palantir Technologies by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after purchasing an additional 6,466,596 shares during the period. SG Americas Securities LLC boosted its position in Palantir Technologies by 183.3% in the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after buying an additional 102,479 shares during the period. Accel Wealth Management purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $360,000. Panagora Asset Management Inc. grew its stake in shares of Palantir Technologies by 185.6% in the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock worth $1,317,000 after acquiring an additional 49,839 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth $262,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In related news, Director Eric H. Woersching sold 3,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $26.00, for a total transaction of $78,000.00. Following the completion of the sale, the director now owns 32,843 shares in the company, valued at approximately $853,918. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Eric H. Woersching sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the transaction, the director now owns 32,843 shares in the company, valued at approximately $853,918. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $33.74, for a total value of $674,800.00. Following the sale, the insider now directly owns 576,023 shares of the company’s stock, valued at $19,435,016.02. The disclosure for this sale can be found here. Insiders have sold 724,699 shares of company stock valued at $22,329,596 in the last ninety days. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

PLTR opened at $34.85 on Thursday. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $35.20. The stock has a market capitalization of $77.61 billion, a P/E ratio of 290.42, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72. The business’s 50-day simple moving average is $29.34 and its 200-day simple moving average is $25.34.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the prior year, the business earned $0.01 EPS. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PLTR shares. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Jefferies Financial Group upped their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 6th. DA Davidson boosted their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Citigroup raised their price objective on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $26.79.

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.