Colonial Trust Advisors Increases Position in Palantir Technologies Inc. $PLTR

Colonial Trust Advisors increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,321 shares of the company’s stock after acquiring an additional 4,190 shares during the quarter. Colonial Trust Advisors’ holdings in Palantir Technologies were worth $2,248,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies during the second quarter worth approximately $27,000. Delos Wealth Advisors LLC bought a new position in Palantir Technologies during the 2nd quarter valued at $29,000. Zeit Capital LLC bought a new position in Palantir Technologies during the 2nd quarter valued at $30,000. Financial Consulate Inc. acquired a new position in Palantir Technologies during the 3rd quarter worth $30,000. Finally, GS Investments Inc. bought a new stake in shares of Palantir Technologies in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. CICC Research upped their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Finally, Jefferies Financial Group set a $208.00 price objective on Palantir Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $191.05.

View Our Latest Stock Analysis on PLTR

Palantir Technologies Trading Down 1.3%

Shares of NASDAQ PLTR opened at $128.84 on Wednesday. The stock has a 50 day simple moving average of $162.65 and a 200-day simple moving average of $170.75. The company has a market cap of $307.08 billion, a PE ratio of 204.51, a P/E/G ratio of 2.51 and a beta of 1.64. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52.

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

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,232 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares of the company’s stock, valued at $5,564,380.64. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,054,279 shares of company stock valued at $142,212,233. 12.93% of the stock is currently owned by insiders.

Trending Headlines about 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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