59,623 Shares in Palantir Technologies Inc. (NYSE:PLTR) Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 59,623 shares of the company’s stock, valued at approximately $2,218,000.

Several other institutional investors also recently bought and sold shares of PLTR. Summit Securities Group LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. acquired a new position in Palantir Technologies in the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Palantir Technologies in the 2nd quarter valued at $30,000. Finally, Beacon Capital Management LLC boosted its stake in Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $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.

Palantir Technologies Trading Up 11.1 %

Shares of NYSE:PLTR opened at $65.77 on Friday. The company has a market capitalization of $147.29 billion, a price-to-earnings ratio of 328.87 and a beta of 2.70. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $66.00. The business has a 50-day moving average price of $43.19 and a 200 day moving average price of $32.01.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $705.11 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. The trade was a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Heather A. Planishek sold 11,373 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $32.25, for a total value of $366,779.25. Following the completion of the sale, the insider now owns 600,633 shares in the company, valued at approximately $19,370,414.25. The trade was a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,562,840 shares of company stock valued at $1,435,787,316 over the last quarter. 12.93% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PLTR shares. Monness Crespi & Hardt decreased their price target 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. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wedbush boosted their target price on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their price target on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Finally, DA Davidson boosted their price objective on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Six equities 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.71.

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.