Twin Peaks Wealth Advisors LLC Acquires Shares of 6,384 Palantir Technologies Inc. (NYSE:PLTR)

Twin Peaks Wealth Advisors LLC bought a new position in Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,384 shares of the company’s stock, valued at approximately $237,000.

A number of other large investors have also modified their holdings of PLTR. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $25,000. Farmers & Merchants Investments Inc. acquired a new stake in Palantir Technologies during the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $30,000. Finally, Beacon Capital Management LLC boosted its stake in shares of Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock valued at $35,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.7 %

NYSE:PLTR traded down $0.33 during trading hours on Wednesday, hitting $44.60. 5,761,432 shares of the company traded hands, compared to its average volume of 56,087,957. Palantir Technologies Inc. has a twelve month low of $14.48 and a twelve month high of $45.14. The stock has a market capitalization of $99.88 billion, a price-to-earnings ratio of 264.44 and a beta of 2.72. The firm has a 50-day moving average of $37.36 and a 200 day moving average of $29.17.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. Palantir Technologies’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. Equities research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total value of $80,611.50. Following the completion of the transaction, the director now owns 65,989 shares in the company, valued at $1,744,089.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 249,684 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the completion of the sale, the insider now directly owns 372,565 shares in the company, valued at $11,180,675.65. 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 Lauren Elaina Friedman Stat sold 3,050 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total transaction of $80,611.50. Following the sale, the director now owns 65,989 shares in the company, valued at $1,744,089.27. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,207,558 shares of company stock valued at $802,735,278 in the last three months. 12.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Wedbush increased their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Citigroup increased their target price on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Northland Securities initiated coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price target for the company. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.86.

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.