Palantir Technologies Inc. (NYSE:PLTR) Stock Position Increased by Cetera Advisors LLC

Cetera Advisors LLC lifted its position in Palantir Technologies Inc. (NYSE:PLTR) by 76.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,368 shares of the company’s stock after buying an additional 39,013 shares during the period. Cetera Advisors LLC’s holdings in Palantir Technologies were worth $1,385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Advisor Networks LLC grew its holdings in shares of Palantir Technologies by 28.7% in the 2nd quarter. Cetera Advisor Networks LLC now owns 160,072 shares of the company’s stock worth $2,454,000 after acquiring an additional 35,722 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Palantir Technologies by 3.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,374,840 shares of the company’s stock worth $82,396,000 after acquiring an additional 195,152 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Palantir Technologies by 3.9% in the 2nd quarter. Cetera Investment Advisers now owns 87,936 shares of the company’s stock worth $1,348,000 after acquiring an additional 3,330 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new position in shares of Palantir Technologies in the 2nd quarter worth $533,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Palantir Technologies by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,329,571 shares of the company’s stock worth $35,709,000 after acquiring an additional 147,520 shares during the last quarter. Institutional investors own 34.21% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 325,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $15.40, for a total value of $5,005,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $99,056,773.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Alexander C. Karp sold 325,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $15.40, for a total transaction of $5,005,000.00. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $99,056,773.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather A. Planishek sold 27,226 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $15.30, for a total value of $416,557.80. Following the transaction, the insider now directly owns 762,006 shares of the company’s stock, valued at approximately $11,658,691.80. The disclosure for this sale can be found here. Insiders sold 444,521 shares of company stock valued at $6,873,874 over the last quarter. Insiders own 13.96% of the company’s stock.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $21.34 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $21.60. The business has a 50-day moving average of $16.78 and a two-hundred day moving average of $15.56. The stock has a market capitalization of $46.44 billion, a P/E ratio of 355.67, a P/E/G ratio of 3.47 and a beta of 2.70.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $25.00 target price on shares of Palantir Technologies in a report on Monday, September 18th. Wolfe Research lifted their target price on Palantir Technologies from $6.00 to $7.50 and gave the stock an “underperform” rating in a report on Tuesday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Palantir Technologies from $7.00 to $9.00 in a report on Tuesday, August 8th. HSBC assumed coverage on Palantir Technologies in a report on Friday, September 15th. They set a “hold” rating and a $16.00 price target on the stock. Finally, TheStreet upgraded Palantir Technologies from a “d” rating to a “c-” rating in a report on Friday, September 29th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.25.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.