Firethorn Wealth Partners LLC Invests $206,000 in Palantir Technologies Inc. (NYSE:PLTR)

Firethorn Wealth Partners LLC acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,532 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Palantir Technologies by 63.4% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 37,631 shares of the company’s stock valued at $1,400,000 after buying an additional 14,600 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Palantir Technologies by 8.2% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 31,843 shares of the company’s stock worth $1,185,000 after acquiring an additional 2,400 shares during the period. CCG Wealth Management LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at approximately $291,000. Cascade Investment Group Inc. acquired a new position in Palantir Technologies during the third quarter worth $257,000. Finally, Magnus Financial Group LLC raised its holdings in Palantir Technologies by 3.6% during the third quarter. Magnus Financial Group LLC now owns 27,066 shares of the company’s stock worth $1,007,000 after purchasing an additional 941 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NYSE PLTR opened at $41.90 on Thursday. The business’s 50-day simple moving average is $35.09 and its 200-day simple moving average is $27.82. The firm has a market capitalization of $93.31 billion, a P/E ratio of 349.17 and a beta of 2.72. Palantir Technologies Inc. has a 1-year low of $14.48 and a 1-year high of $44.39.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share 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 business had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. During the same period last year, the firm earned $0.01 earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 249,684 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the completion of the sale, the insider now owns 372,565 shares of the company’s stock, valued at $11,180,675.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Ryan D. Taylor sold 249,684 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $30.01, for a total transaction of $7,493,016.84. Following the sale, the insider now owns 372,565 shares in the company, valued at $11,180,675.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 3,050 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 65,989 shares of the company’s stock, valued at $1,744,089.27. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,747,176 shares of company stock valued at $646,951,347 over the last three months. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PLTR. Mizuho cut Palantir Technologies from a “neutral” rating to an “underperform” rating and raised their price target for the company from $21.00 to $22.00 in a research report on Tuesday, July 16th. Wedbush raised their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. DA Davidson increased their price target 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Finally, 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 research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $27.29.

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.