C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $285,000 Investment in Palantir Technologies Inc. (NYSE:PLTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Palantir Technologies Inc. (NYSE:PLTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,661 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Strategic Wealth Partners Ltd. boosted its position in Palantir Technologies by 4.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 19,580 shares of the company’s stock worth $728,000 after purchasing an additional 772 shares during the last quarter. Sage Capital Advisors llc boosted its holdings in shares of Palantir Technologies by 1.8% in the third quarter. Sage Capital Advisors llc now owns 23,001 shares of the company’s stock worth $856,000 after buying an additional 400 shares during the last quarter. Atomi Financial Group Inc. grew its position in Palantir Technologies by 24.7% during the third quarter. Atomi Financial Group Inc. now owns 30,458 shares of the company’s stock valued at $1,133,000 after buying an additional 6,025 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Palantir Technologies by 23.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 79,563 shares of the company’s stock valued at $2,960,000 after buying an additional 15,270 shares during the last quarter. Finally, Axiom Advisory LLC raised its position in Palantir Technologies by 150.3% in the third quarter. Axiom Advisory LLC now owns 74,285 shares of the company’s stock worth $2,763,000 after acquiring an additional 44,612 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Jefferies Financial Group upped their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Northland Securities began coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.29.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $39.95, for a total value of $799,000.00. Following the transaction, the insider now owns 562,006 shares of the company’s stock, valued at $22,452,139.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction on Friday, October 4th. The stock was sold at an average price of $39.95, for a total value of $799,000.00. Following the transaction, the insider now directly owns 562,006 shares in the company, valued at approximately $22,452,139.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,831,855 shares of company stock worth $649,330,295. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 0.9 %

Shares of PLTR stock opened at $43.51 on Friday. The stock’s 50-day moving average price is $33.70 and its 200-day moving average price is $27.27. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $43.88. The stock has a market capitalization of $96.89 billion, a price-to-earnings ratio of 362.58 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. As a group, research analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.