7,658 Shares in Palantir Technologies Inc. $PLTR Purchased by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, Holdings Channel reports. The firm acquired 7,658 shares of the company’s stock, valued at approximately $1,044,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Accuvest Global Advisors raised its position in shares of Palantir Technologies by 0.7% in the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after purchasing an additional 63 shares during the period. Ignite Planners LLC grew its stake in Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after buying an additional 66 shares in the last quarter. Christensen King & Associates Investment Services Inc. raised its holdings in Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after acquiring an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. raised its holdings in Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after acquiring an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC lifted its position in shares of Palantir Technologies by 2.7% during the second quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 359,325 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,054,825,989.42. The trade was a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 308,635 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $97,082.08. This represents a 99.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,029,844 shares of company stock worth $168,161,111. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 2.2%

Palantir Technologies stock opened at $181.76 on Friday. The stock has a market cap of $433.21 billion, a price-to-earnings ratio of 432.77, a PEG ratio of 6.90 and a beta of 1.49. The business has a 50-day simple moving average of $178.99 and a 200 day simple moving average of $161.21. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 62.8% on a year-over-year basis. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PLTR shares. Northland Securities lifted their price target on Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Daiwa Capital Markets increased their price objective on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. UBS Group upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $172.28.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.