Friedenthal Financial Invests $836,000 in Palantir Technologies Inc. (NYSE:PLTR)

Friedenthal Financial purchased a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,479 shares of the company’s stock, valued at approximately $836,000.

A number of other large investors have also recently made changes to their positions in PLTR. Fisher Asset Management LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $727,000. PNC Financial Services Group Inc. raised its holdings in Palantir Technologies by 11.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 57,069 shares of the company’s stock valued at $980,000 after acquiring an additional 5,759 shares during the period. NBC Securities Inc. boosted its stake in shares of Palantir Technologies by 112.2% in the first quarter. NBC Securities Inc. now owns 2,534 shares of the company’s stock worth $58,000 after acquiring an additional 1,340 shares during the period. GAMMA Investing LLC grew its position in shares of Palantir Technologies by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,809 shares of the company’s stock worth $65,000 after purchasing an additional 758 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Palantir Technologies by 3.4% during the 1st quarter. First Hawaiian Bank now owns 40,938 shares of the company’s stock valued at $942,000 after purchasing an additional 1,335 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the firm’s 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 transaction, the director now owns 65,989 shares in the company, valued at approximately $1,744,089.27. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the stock in a transaction that occurred on 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 directly owns 65,989 shares in the company, valued at approximately $1,744,089.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $30.24, for a total transaction of $604,800.00. Following the completion of the transaction, the insider now directly owns 612,006 shares of the company’s stock, valued at $18,507,061.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,747,176 shares of company stock valued at $646,951,347 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PLTR. DA Davidson lifted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Wedbush boosted 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. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Northland Securities started coverage on Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target for the company. Finally, The Goldman Sachs Group upped their price objective on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $27.86.

Palantir Technologies Stock Up 2.3 %

PLTR opened at $42.97 on Friday. The business has a fifty day moving average of $35.60 and a 200 day moving average of $28.06. The stock has a market cap of $96.23 billion, a P/E ratio of 252.66 and a beta of 2.72. Palantir Technologies Inc. has a 52-week low of $14.48 and a 52-week high of $44.39.

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

Palantir Technologies Profile

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.