Mayflower Financial Advisors LLC Acquires 364 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Mayflower Financial Advisors LLC raised its stake in Palantir Technologies Inc. (NYSE:PLTR) by 1.4% in the third quarter, Holdings Channel reports. The fund owned 26,748 shares of the company’s stock after purchasing an additional 364 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Palantir Technologies were worth $995,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Summit Securities Group LLC bought a new position in Palantir Technologies in the 2nd quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in Palantir Technologies during the 3rd quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Palantir Technologies in the 2nd quarter worth about $30,000. Finally, Beacon Capital Management LLC raised its position in Palantir Technologies by 269.5% in the first quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock valued at $35,000 after purchasing an additional 1,105 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 72,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $31.18, for a total value of $2,260,550.00. Following the completion of the sale, the insider now owns 298,012 shares of the company’s stock, valued at approximately $9,292,014.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Shyam Sankar sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the sale, the insider now owns 752,786 shares in the company, valued at $24,352,627.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 72,500 shares of Palantir Technologies stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $31.18, for a total value of $2,260,550.00. Following the transaction, the insider now owns 298,012 shares of the company’s stock, valued at $9,292,014.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,482,878 shares of company stock valued at $1,044,202,496 in the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $58.39 on Friday. The firm has a market cap of $130.76 billion, a PE ratio of 291.96 and a beta of 2.70. Palantir Technologies Inc. has a 52-week low of $15.66 and a 52-week high of $58.48. The business’s 50 day moving average price is $40.13 and its two-hundred day moving average price is $30.65.

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 the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period in the prior year, the firm earned $0.03 earnings per share. Palantir Technologies’s revenue was up 30.0% on a year-over-year basis. Research analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLTR. DA Davidson upped their price objective on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Northland Securities raised their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Monness Crespi & Hardt reduced their price objective on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Bank of America raised their target price on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Six 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.71.

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.