Palantir Technologies Inc. (NYSE:PLTR) Position Boosted by Sentry Investment Management LLC

Sentry Investment Management LLC boosted its position in Palantir Technologies Inc. (NYSE:PLTR) by 36.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,078 shares of the company’s stock after buying an additional 7,210 shares during the quarter. Sentry Investment Management LLC’s holdings in Palantir Technologies were worth $1,007,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after purchasing an additional 68,945 shares during the period. Heritage Wealth Management Inc. CA acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth about $1,076,000. Cyndeo Wealth Partners LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at about $6,339,000. Seven Grand Managers LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $930,000. Finally, Silvant Capital Management LLC raised its holdings in shares of Palantir Technologies by 28.2% during the third quarter. Silvant Capital Management LLC now owns 231,543 shares of the company’s stock valued at $8,613,000 after buying an additional 50,883 shares during 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 news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $232,011,546.06. This 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 available through this link. In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total transaction of $617,800.00. Following the transaction, the director now owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,204,508 shares of company stock worth $802,654,666. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Down 1.2 %

NYSE:PLTR opened at $41.41 on Tuesday. The stock has a market capitalization of $92.74 billion, a P/E ratio of 243.60 and a beta of 2.70. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $45.14. The firm has a 50 day moving average of $38.19 and a 200-day moving average of $29.75.

Palantir Technologies (NYSE:PLTR) last announced its 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). The business had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. As a group, analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on PLTR shares. Wedbush lifted their target price on Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Mizuho upped their target price on Palantir Technologies from $24.00 to $30.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 29th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $27.86.

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.