Shikiar Asset Management Inc. Purchases 4,000 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Shikiar Asset Management Inc. boosted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 38.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,500 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Shikiar Asset Management Inc.’s holdings in Palantir Technologies were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after purchasing an additional 6,466,596 shares in the last quarter. Perpetual Ltd bought a new position in Palantir Technologies during the third quarter valued at $483,000. Axiom Advisory LLC grew its stake in shares of Palantir Technologies by 150.3% in the 3rd quarter. Axiom Advisory LLC now owns 74,285 shares of the company’s stock worth $2,763,000 after buying an additional 44,612 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Palantir Technologies by 21.4% in the 3rd quarter. Park Avenue Securities LLC now owns 128,221 shares of the company’s stock worth $4,770,000 after buying an additional 22,645 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Palantir Technologies by 183.3% during the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after buying an additional 102,479 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Wedbush boosted 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. DA Davidson increased their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. Argus started coverage on shares of Palantir Technologies in a research note on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $27.29.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the completion of the sale, the director now owns 65,989 shares of the company’s stock, valued at $1,744,089.27. This 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 Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $22,452,139.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 3,050 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the transaction, the director now owns 65,989 shares in the company, valued at approximately $1,744,089.27. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,831,855 shares of company stock worth $649,330,295. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 0.0 %

Shares of PLTR stock opened at $43.51 on Friday. The firm has a market cap of $97.44 billion, a price-to-earnings ratio of 255.96 and a beta of 2.72. Palantir Technologies Inc. has a 52-week low of $14.48 and a 52-week high of $44.38. The company’s 50 day moving average is $34.08 and its 200 day moving average is $27.42.

Palantir Technologies (NYSE:PLTR) last announced its quarterly 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). The company 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 was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. Analysts anticipate 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.