Hillsdale Investment Management Inc. Purchases 9,630 Shares of Palantir Technologies Inc. $PLTR

Hillsdale Investment Management Inc. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 64.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,680 shares of the company’s stock after buying an additional 9,630 shares during the period. Hillsdale Investment Management Inc.’s holdings in Palantir Technologies were worth $4,502,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PLTR. Coyle Financial Counsel LLC purchased a new stake in Palantir Technologies in the third quarter worth approximately $236,000. Raiffeisen Bank International AG grew its stake in shares of Palantir Technologies by 165.2% during the 3rd quarter. Raiffeisen Bank International AG now owns 112,634 shares of the company’s stock valued at $20,138,000 after acquiring an additional 70,157 shares during the period. Aire Advisors LLC increased its stake in shares of Palantir Technologies by 7.0% in the third quarter. Aire Advisors LLC now owns 2,309 shares of the company’s stock worth $421,000 after purchasing an additional 151 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Palantir Technologies by 12.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,268 shares of the company’s stock worth $3,332,000 after buying an additional 2,008 shares in the last quarter. Finally, Convergence Financial LLC purchased a new stake in shares of Palantir Technologies during the third quarter worth about $1,901,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Palantir Technologies

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

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Tuesday, February 10th. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Tuesday, February 3rd. Truist Financial initiated coverage on Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 target price on the stock. Bank of America raised their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $191.05.

Check Out Our Latest Report on PLTR

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $135.24 on Monday. The stock has a market cap of $322.34 billion, a price-to-earnings ratio of 214.67, a price-to-earnings-growth ratio of 2.60 and a beta of 1.64. The stock has a 50 day moving average price of $164.88 and a 200-day moving average price of $171.52. Palantir Technologies Inc. has a one year low of $66.12 and a one 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, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the transaction, the insider directly owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 239,409 shares in the company, valued at $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 24,800 shares of company stock worth $4,526,436. 12.93% of the stock is currently owned by 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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