Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lifted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 14.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,988 shares of the company’s stock after buying an additional 4,208 shares during the quarter. Palantir Technologies makes up approximately 0.8% of Kapstone Financial Advisors LLC’s portfolio, making the stock its 27th biggest position. Kapstone Financial Advisors LLC’s holdings in Palantir Technologies were worth $1,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Intelligence Driven Advisers LLC purchased a new stake in Palantir Technologies during the third quarter worth approximately $280,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in Palantir Technologies by 7.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 59,251 shares of the company’s stock worth $2,204,000 after purchasing an additional 4,123 shares during the last quarter. Metis Global Partners LLC lifted its stake in Palantir Technologies by 181.5% during the third quarter. Metis Global Partners LLC now owns 64,528 shares of the company’s stock worth $2,400,000 after purchasing an additional 41,609 shares during the last quarter. Curi RMB Capital LLC purchased a new stake in Palantir Technologies during the third quarter worth approximately $245,000. Finally, Planning Capital Management Corp lifted its stake in Palantir Technologies by 2,819.4% during the third quarter. Planning Capital Management Corp now owns 3,007 shares of the company’s stock worth $112,000 after purchasing an additional 2,904 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction 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 approximately $46,663,360.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Heather A. Planishek sold 11,373 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $32.25, for a total value of $366,779.25. Following the sale, the insider now directly owns 600,633 shares in the company, valued at $19,370,414.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the sale, the director now owns 1,510,630 shares in the company, valued at $46,663,360.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,399,238 shares of company stock valued at $1,041,851,557 over the last quarter. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PLTR. The Goldman Sachs Group boosted their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Monness Crespi & Hardt reduced their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. Northland Securities boosted their price objective on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Mizuho boosted their price objective on Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, November 5th. Finally, Citigroup boosted their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.71.

Palantir Technologies Trading Down 2.0 %

Shares of Palantir Technologies stock traded down $1.21 during trading hours on Thursday, hitting $59.49. 15,128,788 shares of the company were exchanged, compared to its average volume of 57,744,125. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $63.39. The business has a 50-day moving average of $41.90 and a 200-day moving average of $31.45. The stock has a market capitalization of $133.22 billion, a price-to-earnings ratio of 303.52 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share 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 firm had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal 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.