Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by ORG Partners LLC

ORG Partners LLC increased its position in Palantir Technologies Inc. (NYSE:PLTR) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,326 shares of the company’s stock after buying an additional 3,853 shares during the quarter. ORG Partners LLC’s holdings in Palantir Technologies were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PLTR. Affinity Wealth Management LLC acquired a new position in Palantir Technologies in the third quarter worth about $4,586,000. Stablepoint Partners LLC raised its holdings in Palantir Technologies by 22.0% during the third quarter. Stablepoint Partners LLC now owns 9,520 shares of the company’s stock worth $354,000 after purchasing an additional 1,715 shares in the last quarter. Sapient Capital LLC bought a new stake in Palantir Technologies during the third quarter worth approximately $206,000. ORG Wealth Partners LLC bought a new position in shares of Palantir Technologies in the third quarter valued at $65,000. Finally, Procyon Advisors LLC increased its holdings in shares of Palantir Technologies by 13.3% in the third quarter. Procyon Advisors LLC now owns 154,513 shares of the company’s stock valued at $5,747,000 after buying an additional 18,142 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter Thiel sold 4,254,666 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $36.77, for a total transaction of $156,444,068.82. Following the transaction, the director now directly owns 51,234,275 shares in the company, valued at approximately $1,883,884,291.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,829,855 shares of company stock valued at $649,272,355. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

PLTR traded up $0.41 on Monday, reaching $43.92. The company had a trading volume of 17,142,709 shares, compared to its average volume of 57,231,492. Palantir Technologies Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $44.39. The stock has a market cap of $97.81 billion, a P/E ratio of 365.33 and a beta of 2.72. The company’s fifty day moving average is $34.08 and its 200 day moving average is $27.44.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Royal Bank of Canada reissued an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 6th. Northland Securities assumed coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target for the company. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, 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 note on Tuesday, August 6th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $27.29.

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.