United Advisor Group LLC Raises Stake in Palantir Technologies Inc. (NYSE:PLTR)

United Advisor Group LLC lifted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 17.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 101,208 shares of the company’s stock after buying an additional 15,047 shares during the period. Palantir Technologies accounts for approximately 0.9% of United Advisor Group LLC’s portfolio, making the stock its 24th largest holding. United Advisor Group LLC’s holdings in Palantir Technologies were worth $3,765,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth $25,000. Summit Securities Group LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth about $25,000. Farmers & Merchants Investments Inc. purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $25,000. Creekmur Asset Management LLC boosted its position in shares of Palantir Technologies by 46.0% in the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after acquiring an additional 335 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in Palantir Technologies in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the transaction, the director now owns 152,280 shares of the company’s stock, valued at $5,535,378. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total transaction of $617,800.00. Following the sale, the director now owns 1,510,630 shares in the company, valued at $46,663,360.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.35, for a total value of $218,100.00. Following the completion of the transaction, the director now owns 152,280 shares of the company’s stock, valued at approximately $5,535,378. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,204,508 shares of company stock valued at $802,654,666 over the last three months. 12.93% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Wedbush upped their price target on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Jefferies Financial Group lifted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Finally, Monness Crespi & Hardt decreased their price objective on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.86.

Palantir Technologies Trading Down 1.2 %

Shares of NYSE:PLTR opened at $41.41 on Tuesday. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $45.14. The firm has a market cap of $92.74 billion, a PE ratio of 243.60 and a beta of 2.70. The company has a fifty day simple moving average of $38.19 and a 200 day simple moving average of $29.75.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company 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 period in the previous year, the firm posted $0.01 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.