CW Advisors LLC Acquires 5,799 Shares of Palantir Technologies Inc. $PLTR

CW Advisors LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 26.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,874 shares of the company’s stock after buying an additional 5,799 shares during the quarter. CW Advisors LLC’s holdings in Palantir Technologies were worth $3,800,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JT Stratford LLC lifted its holdings in Palantir Technologies by 1.0% during the 2nd quarter. JT Stratford LLC now owns 32,371 shares of the company’s stock valued at $4,413,000 after purchasing an additional 321 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth about $271,000. RPg Family Wealth Advisory LLC boosted its holdings in shares of Palantir Technologies by 11.2% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 42,418 shares of the company’s stock worth $5,782,000 after buying an additional 4,266 shares during the period. Fort Sheridan Advisors LLC grew its stake in Palantir Technologies by 11.0% in the 2nd quarter. Fort Sheridan Advisors LLC now owns 3,400 shares of the company’s stock valued at $463,000 after buying an additional 338 shares during the last quarter. Finally, Pinkerton Wealth LLC bought a new position in Palantir Technologies in the 2nd quarter valued at about $3,394,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,054,825,989.42. The trade was a 5.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,029,844 shares of company stock worth $168,161,111. 9.23% of the stock is owned by company insiders.

Palantir Technologies Trading Up 2.2%

Shares of NASDAQ:PLTR opened at $181.76 on Friday. The firm has a 50 day moving average of $178.99 and a 200-day moving average of $161.21. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The stock has a market capitalization of $433.21 billion, a PE ratio of 432.77, a PEG ratio of 6.90 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $0.10 earnings per share. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. Piper Sandler boosted their price objective on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings downgraded Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. HSBC increased their price objective on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Daiwa Capital Markets boosted their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Bank of America raised their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.