GAMMA Investing LLC Buys 4,632 Shares of Palantir Technologies Inc. $PLTR

GAMMA Investing LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,042 shares of the company’s stock after acquiring an additional 4,632 shares during the period. GAMMA Investing LLC’s holdings in Palantir Technologies were worth $6,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at $25,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the second quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies in the second quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in Palantir Technologies during the second quarter worth about $28,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLTR. Robert W. Baird increased their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. CICC Research boosted their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. DA Davidson raised their price objective on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Palantir Technologies in a report on Monday, December 8th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $172.28.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction 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. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 1,973 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $308,281.25. Following the transaction, the insider owned 413,639 shares of the company’s stock, valued at $64,631,093.75. This trade represents a 0.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,008,844 shares of company stock worth $164,676,161 in the last quarter. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $183.25 on Tuesday. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The firm has a market cap of $436.76 billion, a price-to-earnings ratio of 436.32, a PEG ratio of 7.12 and a beta of 1.49. The business’s fifty day moving average is $179.39 and its 200-day moving average is $164.33.

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

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.