Palantir Technologies Inc. $PLTR Shares Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 64.0% in the third quarter, HoldingsChannel.com reports. The fund owned 25,708 shares of the company’s stock after acquiring an additional 10,034 shares during the quarter. Palantir Technologies comprises about 1.5% of Precision Wealth Strategies LLC’s portfolio, making the stock its 15th largest holding. Precision Wealth Strategies LLC’s holdings in Palantir Technologies were worth $4,690,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at approximately $27,000. Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the second quarter worth $27,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $193.95 on Friday. The firm has a fifty day moving average of $180.96 and a 200 day moving average of $167.26. The firm has a market cap of $462.27 billion, a PE ratio of 461.80, a PEG ratio of 7.53 and a beta of 1.49. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.10 earnings per share. The company’s revenue was up 62.8% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 1,252 shares of Palantir Technologies stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the sale, the insider directly owned 47,044 shares in the company, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,008,844 shares of company stock worth $164,750,951 in the last quarter. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Mizuho lifted 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. Morgan Stanley boosted their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $172.28.

View Our Latest Report on Palantir Technologies

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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