38,221 Shares in Palantir Technologies Inc. $PLTR Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,221 shares of the company’s stock, valued at approximately $6,972,000.

A number of other large investors have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies in the second quarter valued at $27,000. Delos Wealth Advisors LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at about $29,000. Zeit Capital LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at about $30,000. Financial Consulate Inc. purchased a new position in Palantir Technologies in the 3rd quarter valued at about $30,000. Finally, GS Investments Inc. acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Stock Up 0.3%

Shares of NASDAQ PLTR opened at $135.24 on Monday. The stock has a market capitalization of $322.34 billion, a P/E ratio of 214.67, a PEG ratio of 2.60 and a beta of 1.64. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The stock’s 50 day moving average price is $164.88 and its two-hundred day moving average price is $171.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm’s revenue was up 70.0% on a year-over-year basis. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PLTR shares. William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Cantor Fitzgerald restated a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Citigroup increased their price objective on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Loop Capital dropped their target price on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $191.05.

Read Our Latest Report on Palantir Technologies

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 400 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $151.14, for a total transaction of $60,456.00. Following the completion of the transaction, the director owned 58,287 shares in the company, valued at $8,809,497.18. The trade was a 0.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 12,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the transaction, the insider directly owned 239,409 shares of the company’s stock, valued at approximately $43,416,822.15. This trade represents a 4.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,800 shares of company stock valued at $4,526,436. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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