Hantz Financial Services Inc. Has $422,000 Holdings in Palantir Technologies Inc. $PLTR

Hantz Financial Services Inc. lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,096 shares of the company’s stock after selling 795 shares during the quarter. Hantz Financial Services Inc.’s holdings in Palantir Technologies were worth $422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter valued at approximately $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $28,000. Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth $31,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR opened at $200.47 on Monday. The stock has a 50 day simple moving average of $174.75 and a 200 day simple moving average of $151.19. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $204.18. The firm has a market capitalization of $475.58 billion, a PE ratio of 668.26, a P/E/G ratio of 10.87 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Bank of America lifted their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $142.00.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the transaction, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.