Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC boosted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 621.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 91,929 shares of the company’s stock after acquiring an additional 79,182 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Palantir Technologies were worth $3,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth about $25,000. Farmers & Merchants Investments Inc. acquired a new stake in Palantir Technologies during the 2nd quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $30,000. Finally, Beacon Capital Management LLC lifted its holdings in shares of Palantir Technologies by 269.5% in the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock valued at $35,000 after buying an additional 1,105 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Ryan D. Taylor sold 249,684 shares of Palantir Technologies stock in a transaction on Friday, August 9th. The stock was 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 directly owns 372,565 shares of the company’s stock, valued at approximately $11,180,675.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $289,580,255.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,204,508 shares of company stock valued at $802,654,666 over the last quarter. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PLTR shares. Royal Bank of Canada reissued an “underperform” rating and issued a $9.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 6th. Monness Crespi & Hardt decreased their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. DA Davidson lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $27.86.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $41.94 on Friday. The company has a market capitalization of $93.92 billion, a PE ratio of 246.72 and a beta of 2.72. The firm’s 50-day moving average is $37.98 and its two-hundred day moving average is $29.50. Palantir Technologies Inc. has a 12 month low of $15.66 and a 12 month high of $45.14.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million during 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%. The company’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 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.