7,460 Shares in Palantir Technologies Inc. (NYSE:PLTR) Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,460 shares of the company’s stock, valued at approximately $278,000.

Other large investors have also made changes to their positions in the company. Walter & Keenan Wealth Management LLC IN ADV increased its stake in Palantir Technologies by 1.2% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock valued at $729,000 after acquiring an additional 235 shares during the period. Greater Midwest Financial Group LLC increased its stake in Palantir Technologies by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock valued at $3,251,000 after acquiring an additional 250 shares during the period. Creekmur Asset Management LLC increased its stake in Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock valued at $40,000 after acquiring an additional 335 shares during the period. HBW Advisory Services LLC increased its stake in Palantir Technologies by 3.6% during the third quarter. HBW Advisory Services LLC now owns 10,198 shares of the company’s stock valued at $379,000 after acquiring an additional 354 shares during the period. Finally, Evolution Wealth Advisors LLC increased its stake in Palantir Technologies by 0.5% during the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLTR. Wedbush boosted their price target on Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Northland Securities began coverage on Palantir Technologies in a research note on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price objective on the stock. Citigroup upped their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Monness Crespi & Hardt lowered their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $27.86.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $30.24, for a total transaction of $604,800.00. Following the transaction, the insider now owns 612,006 shares of the company’s stock, valued at approximately $18,507,061.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Ryan D. Taylor sold 249,684 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the transaction, the insider now owns 372,565 shares of the company’s stock, valued at $11,180,675.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.24, for a total value of $604,800.00. Following the completion of the transaction, the insider now directly owns 612,006 shares in the company, valued at approximately $18,507,061.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,204,508 shares of company stock valued at $802,654,666. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

NYSE:PLTR opened at $41.56 on Friday. The stock’s fifty day moving average price is $37.77 and its two-hundred day moving average price is $29.36. Palantir Technologies Inc. has a 52-week low of $14.48 and a 52-week high of $45.14. The company has a market cap of $93.07 billion, a price-to-earnings ratio of 244.48 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted 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 analyst estimates of $653.23 million. During the same period in the prior year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, equities 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.