OneDigital Investment Advisors LLC Purchases 998 Shares of Palantir Technologies Inc. (NYSE:PLTR)

OneDigital Investment Advisors LLC raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,146 shares of the company’s stock after purchasing an additional 998 shares during the period. OneDigital Investment Advisors LLC’s holdings in Palantir Technologies were worth $1,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of Palantir Technologies by 3,476.2% during the 3rd quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company’s stock worth $254,162,000 after acquiring an additional 6,641,253 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Palantir Technologies by 248,208.2% in the first quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock worth $83,418,000 after acquiring an additional 3,623,840 shares in the last quarter. Marshall Wace LLP grew its position in Palantir Technologies by 594.3% during the 2nd quarter. Marshall Wace LLP now owns 3,550,176 shares of the company’s stock worth $89,926,000 after purchasing an additional 3,038,861 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Palantir Technologies by 226.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company’s stock valued at $105,636,000 after acquiring an additional 1,969,213 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Palantir Technologies by 2,722.2% in the second quarter. National Bank of Canada FI now owns 1,716,830 shares of the company’s stock valued at $44,427,000 after purchasing an additional 1,655,997 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 6.9 %

PLTR stock opened at $61.25 on Tuesday. The company has a market capitalization of $137.17 billion, a P/E ratio of 306.25 and a beta of 2.70. The business has a 50 day simple moving average of $43.72 and a 200-day simple moving average of $32.36. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $66.00.

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

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research reports. DA Davidson lifted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Citigroup lifted 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. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Mizuho boosted their price objective on Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research note on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $31.71.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.35, for a total value of $218,100.00. Following the sale, the director now directly owns 152,280 shares of the company’s stock, valued at approximately $5,535,378. This represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $232,011,546.06. The trade was a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,551,467 shares of company stock valued at $1,435,420,536 over the last three months. 12.93% of the stock is currently owned by company insiders.

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.