Palantir Technologies Inc. $PLTR Shares Purchased by Kingstone Capital Partners Texas LLC

Kingstone Capital Partners Texas LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,408 shares of the company’s stock after buying an additional 3,339 shares during the period. Palantir Technologies comprises 4.5% of Kingstone Capital Partners Texas LLC’s portfolio, making the stock its 7th largest holding. Kingstone Capital Partners Texas LLC’s holdings in Palantir Technologies were worth $7,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Decker Retirement Planning Inc. boosted its stake in shares of Palantir Technologies by 778.7% during the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after acquiring an additional 54,347 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares during the last quarter. Prentice Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth about $550,000. Finally, Watershed Private Wealth LLC grew its holdings in shares of Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after buying an additional 3,350 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Summary

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

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. DA Davidson upped their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Weiss Ratings lowered Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Piper Sandler increased their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $175.88.

Check Out Our Latest Research Report on PLTR

Palantir Technologies Price Performance

NASDAQ PLTR opened at $170.96 on Friday. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52. The firm has a market capitalization of $407.47 billion, a P/E ratio of 407.06, a P/E/G ratio of 4.45 and a beta of 1.54. The business’s 50-day simple moving average is $178.13 and its 200-day simple moving average is $171.73.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 62.8% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 3,400 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $616,590.00. Following the transaction, the director owned 58,687 shares of the company’s stock, valued at approximately $10,642,887.45. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the sale, the insider directly owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. This trade represents a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,023,444 shares of company stock valued at $167,394,629. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Profile

(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.

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

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