Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC lifted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 747.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 737 shares of the company’s stock after acquiring an additional 650 shares during the period. Prestige Wealth Management Group LLC’s holdings in Palantir Technologies were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Walter & Keenan Wealth Management LLC IN ADV raised its position in shares of Palantir Technologies by 1.2% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock valued at $729,000 after acquiring an additional 235 shares in the last quarter. Greater Midwest Financial Group LLC raised its position in shares of Palantir Technologies by 0.3% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock valued at $3,251,000 after acquiring an additional 250 shares in the last quarter. Quantum Private Wealth LLC raised its position in shares of Palantir Technologies by 1.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock valued at $865,000 after acquiring an additional 250 shares in the last quarter. Truvestments Capital LLC raised its position in shares of Palantir Technologies by 2.4% during the 3rd quarter. Truvestments Capital LLC now owns 12,169 shares of the company’s stock valued at $453,000 after acquiring an additional 291 shares in the last quarter. Finally, LCM Capital Management Inc raised its position in shares of Palantir Technologies by 0.9% during the 3rd quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock valued at $1,207,000 after acquiring an additional 300 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the completion of the sale, the director now directly owns 152,280 shares of the company’s stock, valued at $5,535,378. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 155,539 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 331,369 shares of the company’s stock, valued at approximately $11,604,542.38. This represents a 31.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,407,852 shares of company stock valued at $1,972,536,217 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson increased their target price on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $35.64.

Palantir Technologies Stock Performance

NYSE:PLTR opened at $70.89 on Wednesday. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $80.91. The stock has a market cap of $161.49 billion, a price-to-earnings ratio of 354.45, a PEG ratio of 10.29 and a beta of 2.87. The business has a fifty day moving average of $52.96 and a 200-day moving average of $37.16.

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

Palantir Technologies Profile

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.