Palantir Technologies Inc. (NYSE:PLTR) Stock Holdings Boosted by Capital Investment Counsel Inc

Capital Investment Counsel Inc lifted its position in Palantir Technologies Inc. (NYSE:PLTR) by 3.2% during the third quarter, Holdings Channel reports. The institutional investor owned 119,385 shares of the company’s stock after buying an additional 3,750 shares during the quarter. Palantir Technologies makes up approximately 0.6% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 29th largest position. Capital Investment Counsel Inc’s holdings in Palantir Technologies were worth $4,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Greater Midwest Financial Group LLC raised its position in shares of Palantir Technologies by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after purchasing an additional 250 shares during the period. HBW Advisory Services LLC lifted its stake in Palantir Technologies by 3.6% in the 3rd quarter. HBW Advisory Services LLC now owns 10,198 shares of the company’s stock worth $379,000 after acquiring an additional 354 shares in the last quarter. Evolution Wealth Advisors LLC boosted its position in Palantir Technologies by 0.5% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock worth $1,853,000 after acquiring an additional 360 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Palantir Technologies by 2.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock valued at $386,000 after purchasing an additional 379 shares during the period. Finally, Sage Capital Advisors llc lifted its position in shares of Palantir Technologies by 1.8% in the third quarter. Sage Capital Advisors llc now owns 23,001 shares of the company’s stock worth $856,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.8 %

Shares of PLTR opened at $42.60 on Thursday. The firm has a market capitalization of $95.40 billion, a price-to-earnings ratio of 250.60 and a beta of 2.72. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $44.39. The stock’s 50-day moving average price is $36.12 and its 200 day moving average price is $28.42.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. Equities research analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $232,011,546.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ryan D. Taylor sold 249,684 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the completion of the sale, the insider now owns 372,565 shares of the company’s stock, valued at $11,180,675.65. This trade represents a 0.00 % 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 Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.07, for a total value of $162,315,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $232,011,546.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,747,176 shares of company stock worth $646,951,347 over the last three months. Company insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PLTR shares. Mizuho upped their price objective on shares of Palantir Technologies from $24.00 to $30.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Northland Securities initiated coverage on Palantir Technologies in a research note on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target for the company. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Finally, DA Davidson raised their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.86.

Palantir Technologies Company 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.