Parcion Private Wealth LLC Purchases New Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Parcion Private Wealth LLC bought a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,802 shares of the company’s stock, valued at approximately $662,000.

Other large investors have also made changes to their positions in the company. Greater Midwest Financial Group LLC lifted its stake in Palantir Technologies by 0.3% in the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock valued at $3,251,000 after buying an additional 250 shares during the period. HBW Advisory Services LLC grew its holdings in Palantir Technologies by 3.6% during the third quarter. HBW Advisory Services LLC now owns 10,198 shares of the company’s stock valued at $379,000 after purchasing an additional 354 shares during the period. Evolution Wealth Advisors LLC increased its stake in Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after purchasing an additional 360 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Palantir Technologies by 2.6% during the second quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock worth $386,000 after purchasing an additional 379 shares in the last quarter. Finally, Sage Capital Advisors llc grew its holdings in shares of Palantir Technologies by 1.8% in the 3rd quarter. Sage Capital Advisors llc now owns 23,001 shares of the company’s stock valued at $856,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Monness Crespi & Hardt dropped their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group upped their target price on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $27.86.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the transaction, the director now directly owns 65,989 shares of the company’s stock, valued at $1,744,089.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total transaction of $80,611.50. Following the sale, the director now directly owns 65,989 shares in the company, valued at approximately $1,744,089.27. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction dated 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,747,176 shares of company stock valued at $646,951,347 over the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 3.0 %

Shares of PLTR stock opened at $44.85 on Friday. Palantir Technologies Inc. has a 52 week low of $14.48 and a 52 week high of $45.07. The company has a market cap of $99.88 billion, a price-to-earnings ratio of 373.75 and a beta of 2.72. The firm has a 50 day moving average of $36.86 and a 200-day moving average of $28.77.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. Analysts anticipate that Palantir Technologies Inc. will post 0.19 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.