35,992 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by Highland Capital Management LLC

Highland Capital Management LLC acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,992 shares of the company’s stock, valued at approximately $1,339,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Brookstone Capital Management purchased a new position in Palantir Technologies in the 1st quarter worth approximately $546,000. Wealthcare Advisory Partners LLC grew its holdings in Palantir Technologies by 6.7% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 23,121 shares of the company’s stock valued at $532,000 after purchasing an additional 1,459 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth $53,000. SteelPeak Wealth LLC lifted its holdings in Palantir Technologies by 54.1% in the 1st quarter. SteelPeak Wealth LLC now owns 22,306 shares of the company’s stock worth $513,000 after buying an additional 7,829 shares in the last quarter. Finally, Aviance Capital Partners LLC purchased a new position in Palantir Technologies in the 1st quarter valued at about $317,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $44.86 on Friday. Palantir Technologies Inc. has a 1 year low of $14.48 and a 1 year high of $45.07. The stock has a market capitalization of $99.90 billion, a price-to-earnings ratio of 373.83 and a beta of 2.72. The stock’s fifty day moving average is $36.86 and its two-hundred day moving average is $28.81.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The firm had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. Monness Crespi & Hardt cut their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Wedbush lifted their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price objective for the company. Finally, Citigroup upped their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $27.86.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total transaction of $80,611.50. Following the sale, the director now owns 65,989 shares of the company’s stock, valued at $1,744,089.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the transaction, the director now owns 65,989 shares of the company’s stock, valued at approximately $1,744,089.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $232,011,546.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,747,176 shares of company stock worth $646,951,347. Company insiders own 12.93% of the company’s stock.

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.