Atria Investments Inc Has $12.61 Million Stock Position in Palantir Technologies Inc. $PLTR

Atria Investments Inc increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 34.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,131 shares of the company’s stock after purchasing an additional 17,847 shares during the quarter. Atria Investments Inc’s holdings in Palantir Technologies were worth $12,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Financial Consulate Inc. acquired a new position in Palantir Technologies in the third quarter valued at $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at $32,000. Marquette Asset Management LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter valued at $34,000. Finally, Millstone Evans Group LLC lifted its position in shares of Palantir Technologies by 98.0% during the 3rd quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock valued at $36,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Palantir Technologies News

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

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 400 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $151.14, for a total value of $60,456.00. Following the sale, the director owned 58,287 shares of the company’s stock, valued at $8,809,497.18. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 19,004 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the sale, the insider owned 642,786 shares in the company, valued at approximately $100,435,312.50. This trade represents a 2.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,023,844 shares of company stock worth $167,455,085 in the last ninety days. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $129.12 on Friday. The company has a fifty day moving average price of $170.94 and a 200-day moving average price of $172.59. The firm has a market cap of $307.75 billion, a price-to-earnings ratio of 204.96, a PEG ratio of 2.60 and a beta of 1.64. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PLTR shares. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. HSBC raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Tuesday, February 3rd. Morgan Stanley upped their target price on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Finally, Phillip Securities initiated coverage on Palantir Technologies in a report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $191.05.

Read Our Latest Stock Report on PLTR

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.

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

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