Canton Hathaway LLC Raises Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Canton Hathaway LLC increased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 74.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,700 shares of the company’s stock after buying an additional 2,000 shares during the period. Canton Hathaway LLC’s holdings in Palantir Technologies were worth $175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PLTR. Northwest Investment Counselors LLC purchased a new position in Palantir Technologies during the 3rd quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Palantir Technologies during the second quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. purchased a new position in Palantir Technologies during the second quarter valued at approximately $25,000. Creekmur Asset Management LLC raised its stake in Palantir Technologies by 46.0% in the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after buying an additional 335 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in Palantir Technologies by 47.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock worth $44,000 after buying an additional 380 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 4.3 %

PLTR opened at $67.10 on Monday. The firm has a market capitalization of $152.86 billion, a PE ratio of 321.77 and a beta of 2.70. The firm’s 50-day moving average price is $45.94 and its 200 day moving average price is $33.48. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $67.10.

Palantir Technologies (NYSE:PLTR) last issued its 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. 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 the consensus estimate of $705.11 million. During the same period last year, the company earned $0.03 EPS. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on PLTR. Citigroup boosted their price target on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America increased their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday. Wedbush raised their price target on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday. Finally, Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Six research 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.64.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the sale, the director now owns 1,510,630 shares of the company’s stock, valued at $46,663,360.70. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 6,050 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.19, for a total value of $200,799.50. Following the transaction, the director now owns 158,280 shares in the company, valued at $5,253,313.20. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,167,451 shares of company stock worth $1,603,067,889. Company insiders own 12.93% of the company’s stock.

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.