Princeton Global Asset Management LLC Has $698,000 Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Princeton Global Asset Management LLC lifted its position in Palantir Technologies Inc. (NYSE:PLTR) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,750 shares of the company’s stock after acquiring an additional 1,650 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Palantir Technologies were worth $698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in shares of Palantir Technologies by 22.9% in the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after buying an additional 68,945 shares during the period. Heritage Wealth Management Inc. CA purchased a new stake in Palantir Technologies in the 3rd quarter worth about $1,076,000. Cyndeo Wealth Partners LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $6,339,000. Seven Grand Managers LLC purchased a new position in Palantir Technologies during the 3rd quarter valued at about $930,000. Finally, Dock Street Asset Management Inc. increased its holdings in shares of Palantir Technologies by 23.4% in the 3rd quarter. Dock Street Asset Management Inc. now owns 998,953 shares of the company’s stock valued at $37,161,000 after purchasing an additional 189,189 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 249,684 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the sale, the insider now directly owns 372,565 shares in the company, valued at $11,180,675.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 249,684 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the completion of the sale, the insider now owns 372,565 shares in the company, valued at approximately $11,180,675.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $289,580,255.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,204,508 shares of company stock valued at $802,654,666. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $41.92 on Friday. The stock’s 50-day moving average is $37.98 and its 200-day moving average is $29.55. The company has a market cap of $93.88 billion, a P/E ratio of 246.60 and a beta of 2.70. Palantir Technologies Inc. has a 52-week low of $15.66 and a 52-week high of $45.14.

Palantir Technologies (NYSE:PLTR) last released 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). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The business had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same period last year, the business earned $0.01 EPS. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLTR shares. Northland Securities assumed coverage on shares of Palantir Technologies in a research note on Thursday, August 22nd. They set a “market perform” rating and a $35.00 target price for the company. DA Davidson lifted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Monness Crespi & Hardt reduced their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group increased their price objective on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, eight have given 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 an average target price of $27.86.

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.