Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 90.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,661 shares of the company’s stock after acquiring an additional 13,644 shares during the quarter. CreativeOne Wealth LLC’s holdings in Palantir Technologies were worth $1,066,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Swedbank AB purchased a new stake in Palantir Technologies in the 1st quarter worth $303,000. Burney Co. purchased a new stake in shares of Palantir Technologies during the first quarter worth about $226,000. Cetera Advisors LLC raised its position in shares of Palantir Technologies by 51.3% during the 1st quarter. Cetera Advisors LLC now owns 163,382 shares of the company’s stock worth $3,759,000 after purchasing an additional 55,375 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Palantir Technologies by 49.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,012 shares of the company’s stock valued at $51,000 after buying an additional 665 shares in the last quarter. Finally, HBW Advisory Services LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth about $249,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PLTR shares. Bank of America raised their target price on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $35.64.

Insider Activity

In other news, insider Ryan D. Taylor sold 155,539 shares of Palantir Technologies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $35.02, for a total value of $5,446,975.78. Following the completion of the sale, the insider now directly owns 331,369 shares of the company’s stock, valued at approximately $11,604,542.38. The trade was a 31.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Thiel sold 4,254,666 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $36.77, for a total value of $156,444,068.82. Following the transaction, the director now directly owns 51,234,275 shares in the company, valued at approximately $1,883,884,291.75. The trade was a 7.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,163,181 shares of company stock valued at $1,603,288,758. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $67.08 on Friday. The stock has a 50 day moving average of $48.86 and a 200 day moving average of $34.87. The firm has a market capitalization of $152.81 billion, a price-to-earnings ratio of 335.42, a PEG ratio of 8.93 and a beta of 2.70. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $67.88.

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

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.