Hartline Investment Corp Has $5.12 Million Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Hartline Investment Corp lifted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 382.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,515 shares of the company’s stock after purchasing an additional 109,026 shares during the quarter. Palantir Technologies accounts for about 0.6% of Hartline Investment Corp’s portfolio, making the stock its 28th biggest position. Hartline Investment Corp’s holdings in Palantir Technologies were worth $5,116,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PLTR. Summit Securities Group LLC bought a new position in Palantir Technologies during the 2nd quarter worth about $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of Palantir Technologies during the second quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Palantir Technologies in the 2nd quarter valued at approximately $30,000. Finally, Beacon Capital Management LLC boosted its position in Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after acquiring an additional 1,105 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the sale, the director now owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 8,860 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $514,411.60. Following the transaction, the director now owns 121,390 shares in the company, valued at $7,047,903.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the sale, the director now owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The trade was 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 25,399,238 shares of company stock valued at $1,041,851,557 in the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $59.87 on Wednesday. The firm has a market capitalization of $134.08 billion, a PE ratio of 299.36 and a beta of 2.70. The company’s 50-day moving average is $41.30 and its 200-day moving average is $31.25. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $62.08.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Mizuho increased their price objective on shares of Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 5th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. 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. Finally, The Goldman Sachs Group raised their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $31.71.

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.