Fiduciary Trust Co Boosts Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Fiduciary Trust Co grew its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 134.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,617 shares of the company’s stock after buying an additional 25,556 shares during the period. Fiduciary Trust Co’s holdings in Palantir Technologies were worth $1,660,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after buying an additional 4,667,955 shares in the last quarter. State of Alaska Department of Revenue lifted 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 valued at $13,786,000 after acquiring an additional 68,945 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Palantir Technologies by 19.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock valued at $20,146,000 after acquiring an additional 87,062 shares in the last quarter. Tyler Stone Wealth Management increased its holdings in Palantir Technologies by 97.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company’s stock valued at $7,515,000 after purchasing an additional 99,921 shares in the last quarter. Finally, Boston Family Office LLC increased its holdings in Palantir Technologies by 48.0% in the 3rd quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock valued at $1,376,000 after purchasing an additional 12,000 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Northland Securities increased their price objective 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. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Mizuho upped their target price on shares of Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, November 5th. Finally, Monness Crespi & Hardt dropped their price target on shares of 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.64.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $67.08 on Friday. Palantir Technologies Inc. has a 1-year low of $15.66 and a 1-year high of $67.88. The company’s fifty day moving average is $48.86 and its two-hundred day moving average is $34.87. The stock has a market capitalization of $152.81 billion, a price-to-earnings ratio of 335.42, a price-to-earnings-growth ratio of 8.93 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $725.52 million for 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%. Palantir Technologies’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. Sell-side analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the completion of the transaction, the director now directly owns 111,644 shares in the company, valued at approximately $7,454,469.88. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $33.74, for a total value of $674,800.00. Following the completion of the transaction, the insider now directly owns 576,023 shares of the company’s stock, valued at $19,435,016.02. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,163,181 shares of company stock worth $1,603,288,758 in the last 90 days. 12.93% of the stock is currently owned by company insiders.

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.