Apollon Wealth Management LLC Increases Stake in Palantir Technologies Inc. $PLTR

Apollon Wealth Management LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 21.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 100,553 shares of the company’s stock after purchasing an additional 17,825 shares during the period. Apollon Wealth Management LLC’s holdings in Palantir Technologies were worth $18,343,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the second quarter worth about $25,000. 1248 Management LLC purchased a new position in Palantir Technologies in the 1st quarter worth approximately $27,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the second quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies in the second quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $28,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. Northland Securities raised their target price on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Daiwa Capital Markets raised their target price on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $172.28.

View Our Latest Research Report on Palantir Technologies

Key Stores Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 149,872 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the sale, the insider owned 642,786 shares in the company, valued at $105,410,476.14. This represents a 18.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 359,325 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,008,844 shares of company stock valued at $164,750,951. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 2.8%

Shares of PLTR stock opened at $188.71 on Friday. The business’s fifty day moving average is $181.17 and its 200 day moving average is $167.90. The stock has a market cap of $449.78 billion, a price-to-earnings ratio of 449.32, a PEG ratio of 7.32 and a beta of 1.49. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping 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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.10 EPS. The company’s revenue was up 62.8% compared to the same quarter last year. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

See Also

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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