Aviance Capital Partners LLC Purchases 10,125 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Aviance Capital Partners LLC lifted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 116.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,832 shares of the company’s stock after acquiring an additional 10,125 shares during the quarter. Aviance Capital Partners LLC’s holdings in Palantir Technologies were worth $701,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $25,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies in the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Palantir Technologies during the second quarter worth about $30,000. Finally, Beacon Capital Management LLC grew its position in shares of Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after buying an additional 1,105 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the transaction, the director now owns 152,280 shares of the company’s stock, valued at $5,535,378. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. This represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,551,467 shares of company stock valued at $1,435,420,536 in the last 90 days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 2.8 %

Palantir Technologies stock opened at $62.97 on Wednesday. Palantir Technologies Inc. has a 1-year low of $15.66 and a 1-year high of $66.00. The company has a fifty day simple moving average of $44.29 and a 200 day simple moving average of $32.64. The company has a market cap of $143.45 billion, a P/E ratio of 314.87 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same quarter last year, the company earned $0.03 EPS. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Monness Crespi & Hardt reduced their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Finally, Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.71.

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.