5,395 Shares in Palantir Technologies Inc. (NYSE:PLTR) Purchased by CRA Financial Services LLC

CRA Financial Services LLC bought a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the third quarter, HoldingsChannel.com reports. The fund bought 5,395 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Palantir Technologies during the second quarter valued at $25,000. West Paces Advisors Inc. grew its position in shares of Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after acquiring an additional 620 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth about $30,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Palantir Technologies by 105.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after purchasing an additional 691 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $43.51 on Friday. The firm has a market cap of $97.44 billion, a PE ratio of 255.96 and a beta of 2.72. Palantir Technologies Inc. has a 12 month low of $14.48 and a 12 month high of $44.38. The firm has a 50 day simple moving average of $34.08 and a 200 day simple moving average of $27.42.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. DA Davidson raised their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. 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 research report on Tuesday, August 6th. Northland Capmk raised Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Finally, Argus began coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.29.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on 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 directly owns 562,006 shares of the company’s stock, valued at $22,452,139.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Heather A. Planishek sold 20,000 shares of the 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 completion of the sale, the insider now owns 562,006 shares in the company, valued at $22,452,139.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction on 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 transaction, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,831,855 shares of company stock worth $649,330,295 in the last quarter. 12.93% of the stock is owned by company insiders.

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.