Patriot Financial Group Insurance Agency LLC Purchases 18,395 Shares of Palantir Technologies Inc. $PLTR

Patriot Financial Group Insurance Agency LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 138.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,635 shares of the company’s stock after purchasing an additional 18,395 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Palantir Technologies were worth $5,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter valued at $27,000. Briaud Financial Planning Inc acquired a new position in Palantir Technologies in the second quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the second quarter worth $27,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Robert W. Baird boosted their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Piper Sandler increased their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada raised their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Finally, CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Stock Up 4.7%

Shares of PLTR stock opened at $185.69 on Friday. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52. The firm has a fifty day moving average of $179.38 and a 200-day moving average of $164.99. The firm has a market capitalization of $442.58 billion, a price-to-earnings ratio of 442.13, a price-to-earnings-growth ratio of 6.87 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $0.10 EPS. Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider owned 251,409 shares in the company, valued at $40,818,765.24. The trade was a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,008,844 shares of company stock valued at $164,750,951 over the last ninety days. Insiders own 9.23% of the company’s stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.