Centaurus Financial Inc. Acquires 10,539 Shares of Palantir Technologies Inc. $PLTR

Centaurus Financial Inc. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 36.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,538 shares of the company’s stock after purchasing an additional 10,539 shares during the period. Centaurus Financial Inc.’s holdings in Palantir Technologies were worth $5,390,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Stark Wealth Management LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at $584,000. China Universal Asset Management Co. Ltd. grew its holdings in shares of Palantir Technologies by 18.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 79,689 shares of the company’s stock valued at $10,863,000 after acquiring an additional 12,447 shares in the last quarter. Barnes Wealth Management Group Inc increased its position in shares of Palantir Technologies by 7.5% in the second quarter. Barnes Wealth Management Group Inc now owns 3,277 shares of the company’s stock valued at $447,000 after acquiring an additional 230 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Palantir Technologies by 10.6% in the second quarter. Orion Porfolio Solutions LLC now owns 105,062 shares of the company’s stock valued at $14,322,000 after acquiring an additional 10,090 shares during the last quarter. Finally, Zeit Capital LLC bought a new stake in Palantir Technologies during the second quarter worth about $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLTR. Weiss Ratings restated a “hold (c+)” rating on shares of Palantir Technologies in a research note on Monday, December 8th. Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Robert W. Baird lifted their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, UBS Group boosted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $172.28.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,008,844 shares of company stock valued at $164,676,161. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $183.57 on Monday. The company has a market cap of $437.53 billion, a P/E ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.50. The firm’s fifty day moving average price is $179.31 and its two-hundred day moving average price is $163.90. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

About Palantir Technologies

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.