Rockefeller Capital Management L.P. Has $49.73 Million Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Rockefeller Capital Management L.P. increased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 5.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,336,779 shares of the company’s stock after buying an additional 73,619 shares during the period. Rockefeller Capital Management L.P.’s holdings in Palantir Technologies were worth $49,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after acquiring an additional 4,667,955 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after purchasing an additional 68,945 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Palantir Technologies by 19.2% during the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock valued at $20,146,000 after purchasing an additional 87,062 shares in the last quarter. Tyler Stone Wealth Management grew its stake in shares of Palantir Technologies by 97.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company’s stock valued at $7,515,000 after purchasing an additional 99,921 shares during the period. Finally, Boston Family Office LLC raised its holdings in shares of Palantir Technologies by 48.0% in the 3rd quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock worth $1,376,000 after buying an additional 12,000 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 1.6 %

NYSE:PLTR opened at $67.08 on Friday. The stock has a market cap of $152.81 billion, a price-to-earnings ratio of 335.42, a PEG ratio of 8.93 and a beta of 2.70. The stock has a 50-day moving average price of $48.86 and a two-hundred day moving average price of $34.87. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $67.88.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results 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. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. DA Davidson lifted their price objective on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wedbush boosted their price target on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Northland Securities boosted their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group cut Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. Six equities research 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. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $35.64.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 155,539 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.02, for a total value of $5,446,975.78. Following the completion of the transaction, the insider now directly owns 331,369 shares in the company, valued at $11,604,542.38. This trade represents a 31.94 % 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. Also, insider Heather A. Planishek sold 20,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $33.74, for a total transaction of $674,800.00. Following the completion of the transaction, the insider now directly owns 576,023 shares of the company’s stock, valued at $19,435,016.02. This represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,163,181 shares of company stock worth $1,603,288,758. 12.93% of the stock is owned by corporate insiders.

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.