Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Atria Investments Inc

Atria Investments Inc grew its stake in Palantir Technologies Inc. (NYSE:PLTR) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,014 shares of the company’s stock after purchasing an additional 3,835 shares during the period. Atria Investments Inc’s holdings in Palantir Technologies were worth $2,047,000 at the end of the most recent reporting period.

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

Palantir Technologies Stock Down 2.5 %

Shares of NYSE:PLTR opened at $59.19 on Friday. The company has a market cap of $132.55 billion, a P/E ratio of 295.95 and a beta of 2.70. The business has a fifty day simple moving average of $41.90 and a 200-day simple moving average of $31.45. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $63.39.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total transaction of $617,800.00. Following the transaction, the director now owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 of the company’s stock, valued at approximately $19,370,414.25. This represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,239,238 shares of company stock valued at $1,036,731,557. Insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. DA Davidson boosted their target price on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Citigroup raised their price target on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a research report on Thursday, November 7th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $31.71.

About Palantir Technologies

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.