CCG Wealth Management LLC Invests $291,000 in Palantir Technologies Inc. (NYSE:PLTR)

CCG Wealth Management LLC acquired a new position in Palantir Technologies Inc. (NYSE:PLTR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,810 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors have also recently made changes to their positions in the stock. HBW Advisory Services LLC raised its stake in shares of Palantir Technologies by 3.6% in the third quarter. HBW Advisory Services LLC now owns 10,198 shares of the company’s stock worth $379,000 after buying an additional 354 shares during the period. Evolution Wealth Advisors LLC grew its holdings in Palantir Technologies by 0.5% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after buying an additional 360 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Palantir Technologies by 2.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock valued at $386,000 after buying an additional 379 shares in the last quarter. Sage Capital Advisors llc grew its holdings in Palantir Technologies by 1.8% during the 3rd quarter. Sage Capital Advisors llc now owns 23,001 shares of the company’s stock valued at $856,000 after buying an additional 400 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of Palantir Technologies by 21.4% in the 2nd quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after purchasing an additional 406 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Wedbush upped their target price on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. DA Davidson upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group upped their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $27.29.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total transaction of $321,391.90. Following the transaction, the director now owns 138,304 shares in the company, valued at approximately $6,071,545.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total transaction of $321,391.90. Following the transaction, the director now owns 138,304 shares in the company, valued at approximately $6,071,545.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 90,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $29.36, for a total value of $2,642,400.00. Following the transaction, the insider now owns 298,012 shares in the company, valued at $8,749,632.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,837,176 shares of company stock valued at $649,593,747 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 2.2 %

Palantir Technologies stock opened at $42.44 on Wednesday. The firm has a market cap of $94.51 billion, a price-to-earnings ratio of 353.67 and a beta of 2.72. Palantir Technologies Inc. has a 52 week low of $14.48 and a 52 week high of $44.39. The business’s 50-day moving average price is $34.78 and its 200 day moving average price is $27.72.

Palantir Technologies (NYSE:PLTR) last posted 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 company had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm’s revenue was up 27.2% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. Equities analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current 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.