GenTrust LLC Raises Holdings in Palantir Technologies Inc. (NYSE:PLTR)

GenTrust LLC lifted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 56.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,675 shares of the company’s stock after buying an additional 13,300 shares during the quarter. GenTrust LLC’s holdings in Palantir Technologies were worth $1,364,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Palantir Technologies during the third quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies during the second quarter valued at about $25,000. Creekmur Asset Management LLC boosted its position in Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock valued at $40,000 after purchasing an additional 335 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in Palantir Technologies by 47.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 4.8 %

Palantir Technologies stock opened at $64.33 on Friday. The stock has a 50-day moving average price of $45.94 and a 200 day moving average price of $33.31. The company has a market capitalization of $146.55 billion, a price-to-earnings ratio of 321.67 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $66.00.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $0.03 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 155,539 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the sale, the insider now owns 331,369 shares of the company’s stock, valued at $11,604,542.38. This trade represents a 31.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heather A. Planishek sold 14,016 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 576,023 shares of the company’s stock, valued at approximately $17,666,625.41. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,167,451 shares of company stock valued at $1,603,067,889. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Northland Securities increased their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their target price 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 lifted their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Raymond James lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Monness Crespi & Hardt dropped their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $31.71.

Palantir Technologies Company 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.