Benjamin Edwards Inc. Raises Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Benjamin Edwards Inc. raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 128.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,198 shares of the company’s stock after purchasing an additional 161,044 shares during the period. Benjamin Edwards Inc.’s holdings in Palantir Technologies were worth $10,646,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PLTR. Walter & Keenan Wealth Management LLC IN ADV boosted its holdings in Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock worth $729,000 after buying an additional 235 shares during the last quarter. Greater Midwest Financial Group LLC boosted its stake in shares of Palantir Technologies by 0.3% in the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after acquiring an additional 250 shares during the last quarter. Quantum Private Wealth LLC increased its position in shares of Palantir Technologies by 1.1% during the third quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock worth $865,000 after purchasing an additional 250 shares in the last quarter. Truvestments Capital LLC raised its stake in Palantir Technologies by 2.4% in the 3rd quarter. Truvestments Capital LLC now owns 12,169 shares of the company’s stock valued at $453,000 after purchasing an additional 291 shares during the last quarter. Finally, LCM Capital Management Inc lifted its holdings in Palantir Technologies by 0.9% in the 3rd quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock valued at $1,207,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,050 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $33.19, for a total transaction of $200,799.50. Following the sale, the director now directly owns 158,280 shares in the company, valued at $5,253,313.20. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 1,620,395 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $406,583,028.18. This represents a 20.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,143,181 shares of company stock valued at $1,602,670,958 over the last quarter. 12.93% of the stock is owned by company insiders.

Palantir Technologies Trading Down 1.0 %

Shares of PLTR opened at $66.39 on Tuesday. The company’s 50-day moving average price is $48.86 and its 200 day moving average price is $35.05. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $67.88. The firm has a market cap of $151.24 billion, a P/E ratio of 419.25, a price-to-earnings-growth ratio of 9.07 and a beta of 2.87.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PLTR shares. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a research report on Thursday, November 7th. Bank of America upped their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Northland Securities raised their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Finally, Mizuho lifted their price objective on Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 5th. Six investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.64.

Palantir Technologies Company 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.