24,913 Shares in Palantir Technologies Inc. (NYSE:PLTR) Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,913 shares of the company's stock, valued at approximately $927,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in PLTR. State of Alaska Department of Revenue grew its holdings in shares of Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company's stock worth $13,786,000 after acquiring an additional 68,945 shares during the period. Oppenheimer & Co. Inc. grew its stake in Palantir Technologies by 19.2% in the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company's stock worth $20,146,000 after purchasing an additional 87,062 shares during the period. Tyler Stone Wealth Management lifted its position in Palantir Technologies by 97.9% during the third quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company's stock valued at $7,515,000 after buying an additional 99,921 shares during the period. Heritage Wealth Management Inc. CA purchased a new stake in shares of Palantir Technologies in the 3rd quarter worth about $1,076,000. Finally, Cyndeo Wealth Partners LLC bought a new position in shares of Palantir Technologies in the 3rd quarter worth about $6,339,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the transaction, the director now owns 1,510,630 shares of the company's stock, valued at $46,663,360.70. The trade was a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather A. Planishek sold 14,016 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.67, for a total transaction of $429,870.72. Following the sale, the insider now directly owns 576,023 shares of the company's stock, valued at $17,666,625.41. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,551,467 shares of company stock valued at $1,435,420,536 in the last quarter. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PLTR shares. Monness Crespi & Hardt decreased their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Tuesday, August 6th. Jefferies Financial Group downgraded shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 target price on the stock. in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised 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 increased their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Argus cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $31.71.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $1.75 during trading hours on Wednesday, hitting $61.23. The company's stock had a trading volume of 41,339,492 shares, compared to its average volume of 58,739,316. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $66.00. The company has a market cap of $139.48 billion, a PE ratio of 303.87 and a beta of 2.70. The business has a 50 day moving average price of $44.29 and a two-hundred day moving average price of $32.64.

Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Palantir Technologies's revenue for the quarter was up 30.0% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

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.