City Center Advisors LLC Takes Position in Palantir Technologies Inc. $PLTR

City Center Advisors LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,072 shares of the company’s stock, valued at approximately $560,000.

A number of other large investors also recently bought and sold shares of PLTR. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the second quarter valued at $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the second quarter valued at $27,000. Frazier Financial Advisors LLC purchased a new position in Palantir Technologies in the second quarter valued at $28,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies in the second quarter worth about $29,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.2%

Shares of NASDAQ PLTR opened at $183.25 on Tuesday. The stock has a market capitalization of $436.76 billion, a price-to-earnings ratio of 436.32, a price-to-earnings-growth ratio of 7.12 and a beta of 1.49. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52. The firm has a 50-day simple moving average of $179.39 and a 200-day simple moving average of $164.33.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s quarterly revenue was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Daiwa Capital Markets lifted their price target on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Mizuho boosted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Piper Sandler increased their target price on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Northland Securities lifted their target price on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Finally, DA Davidson upped their price target on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $172.28.

Insider Activity

In other Palantir Technologies 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 15,557 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $2,551,192.43. Following the completion of the sale, the insider directly owned 415,612 shares of the company’s stock, valued at $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,008,844 shares of company stock valued at $164,676,161 in the last 90 days. 9.23% of the stock is owned by insiders.

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.