Florida Trust Wealth Management Co Increases Stock Position in Palantir Technologies Inc. $PLTR

Florida Trust Wealth Management Co boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 115.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,612 shares of the company’s stock after buying an additional 10,522 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Palantir Technologies were worth $3,578,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Occidental Asset Management LLC raised its position in shares of Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock worth $358,000 after acquiring an additional 53 shares in the last quarter. Lionshead Wealth Management LLC grew its stake in Palantir Technologies by 0.4% in the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after purchasing an additional 56 shares during the last quarter. Ellenbecker Investment Group raised its holdings in Palantir Technologies by 3.6% in the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after purchasing an additional 57 shares in the last quarter. Traveka Wealth LLC raised its holdings in Palantir Technologies by 1.6% in the third quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock worth $674,000 after purchasing an additional 57 shares in the last quarter. Finally, Market Street Wealth Management Advisors LLC lifted its position in shares of Palantir Technologies by 4.0% during the third quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company’s stock valued at $281,000 after buying an additional 59 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 359,325 shares of Palantir Technologies stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 15,557 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the completion of the transaction, the insider owned 415,612 shares in the company, valued at approximately $68,156,211.88. This trade represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,023,444 shares of company stock valued at $167,394,629. 12.93% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $170.96 on Tuesday. The company’s fifty day moving average price is $177.68 and its 200-day moving average price is $172.56. 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 PE ratio of 407.06, a price-to-earnings-growth ratio of 4.30 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued 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 return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the topic of a number of analyst reports. Mizuho lifted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Daiwa Capital Markets raised their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. DA Davidson upped their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Citigroup upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $210.00 to $235.00 in a report on Monday, January 12th. Finally, CICC Research boosted their target price on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $175.88.

View Our Latest Analysis on PLTR

Key Headlines Impacting Palantir Technologies

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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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