Xcel Wealth Management LLC Purchases 4,263 Shares of Palantir Technologies Inc. $PLTR

Xcel Wealth Management LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 20.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,014 shares of the company’s stock after purchasing an additional 4,263 shares during the period. Palantir Technologies accounts for 1.2% of Xcel Wealth Management LLC’s portfolio, making the stock its 24th biggest position. Xcel Wealth Management LLC’s holdings in Palantir Technologies were worth $4,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth about $3,307,457,000. Vanguard Group Inc. boosted its stake in Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after acquiring an additional 7,194,216 shares in the last quarter. State Street Corp grew its holdings in Palantir Technologies by 6.9% in the second quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares during the period. Invesco Ltd. increased its stake in shares of Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock valued at $2,806,182,000 after purchasing an additional 2,838,300 shares in the last quarter. Finally, Clear Street LLC purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $295,508,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PLTR. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Royal Bank Of Canada upped their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. DA Davidson increased their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets boosted their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Citigroup raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $210.00 to $235.00 in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.88.

View Our Latest Report on Palantir Technologies

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, the insider directly owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This trade represents a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction that occurred 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 sale, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. The trade was a 4.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,023,444 shares of company stock valued at $167,394,629. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Down 3.5%

NASDAQ PLTR opened at $170.96 on Monday. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The stock has a market cap of $407.47 billion, a price-to-earnings ratio of 407.06, a PEG ratio of 4.30 and a beta of 1.54. The company’s 50 day moving average is $178.13 and its two-hundred day moving average is $172.30.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies News Summary

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

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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