Concorde Asset Management LLC Has $762,000 Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Concorde Asset Management LLC lifted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,479 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. Concorde Asset Management LLC’s holdings in Palantir Technologies were worth $762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Summit Securities Group LLC acquired a new position in Palantir Technologies during the 2nd quarter worth approximately $25,000. Farmers & Merchants Investments Inc. acquired a new position in Palantir Technologies during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Palantir Technologies during the 2nd quarter worth approximately $30,000. Finally, Beacon Capital Management LLC boosted its position in Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after acquiring an additional 1,105 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Bank of America upped their price objective on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Northland Securities upped their price objective on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Wedbush upped their price objective on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $31.71.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 6,050 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.19, for a total transaction of $200,799.50. Following the sale, the director now directly owns 158,280 shares of the company’s stock, valued at approximately $5,253,313.20. This represents a 3.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 14,016 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.67, for a total value of $429,870.72. Following the sale, the insider now directly owns 576,023 shares in the company, valued at approximately $17,666,625.41. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,547,056 shares of company stock worth $1,500,642,721 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $61.36 on Friday. The stock has a market capitalization of $139.77 billion, a price-to-earnings ratio of 306.79 and a beta of 2.70. The business’s fifty day moving average price is $45.36 and its two-hundred day moving average price is $33.04. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $66.00.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 9.94% and a net margin of 18.01%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. Research analysts expect that Palantir Technologies Inc. will post 0.21 EPS 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.