Byrne Financial Freedom LLC Buys 4,568 Shares of Palantir Technologies Inc. $PLTR

Byrne Financial Freedom LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 61,101 shares of the company’s stock after purchasing an additional 4,568 shares during the quarter. Palantir Technologies accounts for 4.2% of Byrne Financial Freedom LLC’s portfolio, making the stock its 5th largest position. Byrne Financial Freedom LLC’s holdings in Palantir Technologies were worth $8,329,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Palantir Technologies during the second quarter worth about $3,307,457,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $2,543,888,000. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the last quarter. State Street Corp grew its stake in shares of Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 1,973 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $308,281.25. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at approximately $64,631,093.75. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This represents a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,008,844 shares of company stock valued at $164,676,161 over the last ninety days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 2.1%

Shares of PLTR stock opened at $183.57 on Friday. The company has a market capitalization of $437.53 billion, a price-to-earnings ratio of 437.08, a P/E/G ratio of 7.27 and a beta of 1.49. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52. The stock’s fifty day simple moving average is $179.31 and its 200-day simple moving average is $163.34.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 62.8% on a year-over-year basis. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Mizuho lifted their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group increased their price target on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, DA Davidson boosted their price objective on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.