Clear Harbor Asset Management LLC Boosts Stake in Palantir Technologies Inc. (NYSE:PLTR)

Clear Harbor Asset Management LLC boosted its stake in Palantir Technologies Inc. (NYSE:PLTR) by 12.6% in the 3rd quarter, Holdings Channel reports. The firm owned 17,829 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Clear Harbor Asset Management LLC’s holdings in Palantir Technologies were worth $663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Investments LLC increased its stake in Palantir Technologies by 15.2% during the third quarter. PFG Investments LLC now owns 87,119 shares of the company’s stock worth $3,241,000 after purchasing an additional 11,483 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Palantir Technologies by 28.2% in the third quarter. Arkadios Wealth Advisors now owns 135,390 shares of the company’s stock valued at $5,037,000 after purchasing an additional 29,806 shares during the period. Forsta AP Fonden grew its holdings in shares of Palantir Technologies by 21.3% in the third quarter. Forsta AP Fonden now owns 511,000 shares of the company’s stock valued at $19,009,000 after purchasing an additional 89,900 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Palantir Technologies by 2,252.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,645 shares of the company’s stock worth $6,323,000 after buying an additional 164,349 shares during the period. Finally, Parcion Private Wealth LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $662,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PLTR shares. Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Monness Crespi & Hardt decreased their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. Citigroup upped their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Finally, Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Five 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.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total value of $321,391.90. Following the completion of the sale, the director now directly owns 138,304 shares of the company’s stock, valued at approximately $6,071,545.60. 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 can be accessed through this hyperlink. In other Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction 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 approximately $22,452,139.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 7,321 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $43.90, for a total transaction of $321,391.90. Following the completion of the sale, the director now owns 138,304 shares of the company’s stock, valued at $6,071,545.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,747,176 shares of company stock worth $646,951,347 in the last quarter. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Up 3.0 %

Shares of Palantir Technologies stock opened at $44.86 on Monday. The company has a fifty day simple moving average of $36.86 and a 200-day simple moving average of $28.86. The stock has a market cap of $99.90 billion, a price-to-earnings ratio of 373.83 and a beta of 2.72. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $45.07.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same period in the previous year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share 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.