Intrepid Capital Management Inc. Boosts Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Intrepid Capital Management Inc. grew its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,687 shares of the company’s stock after acquiring an additional 987 shares during the period. Intrepid Capital Management Inc.’s holdings in Palantir Technologies were worth $1,365,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Integrated Wealth Concepts LLC raised its stake in shares of Palantir Technologies by 11.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 136,554 shares of the company’s stock valued at $5,080,000 after acquiring an additional 14,520 shares during the period. Investment Management Corp of Ontario raised its stake in shares of Palantir Technologies by 58.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 67,251 shares of the company’s stock valued at $2,502,000 after acquiring an additional 24,800 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at $280,000. Janus Henderson Group PLC raised its stake in shares of Palantir Technologies by 170.0% in the 3rd quarter. Janus Henderson Group PLC now owns 373,534 shares of the company’s stock valued at $13,897,000 after acquiring an additional 235,168 shares during the period. Finally, Garden State Investment Advisory Services LLC raised its stake in shares of Palantir Technologies by 865.4% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 484,542 shares of the company’s stock valued at $18,025,000 after acquiring an additional 434,349 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 155,539 shares of Palantir Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $35.02, for a total value of $5,446,975.78. Following the transaction, the insider now directly owns 331,369 shares of the company’s stock, valued at $11,604,542.38. This trade represents a 31.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the completion of the transaction, the director now directly owns 111,644 shares in the company, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,143,181 shares of company stock worth $1,602,670,958. 12.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Mizuho raised their price target on shares of Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, November 5th. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Bank of America raised their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 25th. Monness Crespi & Hardt lowered their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Finally, Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.64.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $3.41 during trading hours on Tuesday, reaching $69.80. The company’s stock had a trading volume of 26,567,666 shares, compared to its average volume of 58,500,859. The company’s 50 day simple moving average is $48.86 and its 200 day simple moving average is $35.05. Palantir Technologies Inc. has a one year low of $15.66 and a one year high of $70.47. The stock has a market cap of $159.01 billion, a P/E ratio of 419.25, a price-to-earnings-growth ratio of 9.07 and a beta of 2.87.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.