Palantir Technologies Inc. $PLTR Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 495,912 shares of the company’s stock after acquiring an additional 29,858 shares during the period. AE Wealth Management LLC’s holdings in Palantir Technologies were worth $90,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC increased its position in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its stake in Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Palantir Technologies by 4.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 411,802 shares of the company’s stock valued at $56,137,000 after acquiring an additional 17,747 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in Palantir Technologies by 19.6% during the 2nd quarter. Raleigh Capital Management Inc. now owns 2,852 shares of the company’s stock worth $389,000 after acquiring an additional 467 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 3,400 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 58,687 shares in the company, valued at approximately $10,642,887.45. This represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the transaction, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. The trade was a 4.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,023,444 shares of company stock valued at $167,394,629. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 5.0%

PLTR opened at $157.35 on Thursday. The firm has a market cap of $375.03 billion, a PE ratio of 374.65, a P/E/G ratio of 4.17 and a beta of 1.54. The business has a fifty day simple moving average of $176.37 and a 200-day simple moving average of $173.58. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on PLTR shares. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Northland Securities upped their price target on shares of Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Finally, Morgan Stanley boosted their target price on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $184.07.

View Our Latest Analysis on PLTR

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Palantir Technologies Company 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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