Palantir Technologies Inc. (NYSE:PLTR) Position Increased by BluePath Capital Management LLC

BluePath Capital Management LLC increased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,396 shares of the company’s stock after acquiring an additional 1,397 shares during the period. Palantir Technologies comprises approximately 0.7% of BluePath Capital Management LLC’s portfolio, making the stock its 20th biggest holding. BluePath Capital Management LLC’s holdings in Palantir Technologies were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PLTR. Allspring Global Investments Holdings LLC raised its holdings in Palantir Technologies by 218.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 60,720 shares of the company’s stock valued at $1,397,000 after buying an additional 41,666 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Palantir Technologies by 43.9% during the first quarter. First Trust Direct Indexing L.P. now owns 21,291 shares of the company’s stock valued at $490,000 after buying an additional 6,491 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Palantir Technologies by 4.4% during the first quarter. J.W. Cole Advisors Inc. now owns 32,792 shares of the company’s stock valued at $754,000 after buying an additional 1,371 shares in the last quarter. Private Advisor Group LLC raised its holdings in Palantir Technologies by 15.5% during the first quarter. Private Advisor Group LLC now owns 325,209 shares of the company’s stock valued at $7,483,000 after buying an additional 43,667 shares in the last quarter. Finally, Prosperity Consulting Group LLC bought a new position in Palantir Technologies during the first quarter valued at about $250,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. Royal Bank of Canada restated an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Raymond James lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Finally, Wedbush lifted their target price on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.86.

Palantir Technologies Trading Up 0.9 %

NYSE PLTR opened at $41.94 on Friday. The stock’s 50 day moving average is $37.98 and its two-hundred day moving average is $29.50. The company has a market capitalization of $93.92 billion, a price-to-earnings ratio of 246.72 and a beta of 2.72. Palantir Technologies Inc. has a 1-year low of $15.66 and a 1-year high of $45.14.

Palantir Technologies (NYSE:PLTR) last posted its 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). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The firm had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. During the same quarter last year, the firm posted $0.01 EPS. The business’s revenue was up 27.2% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Insider Activity

In other news, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Shyam Sankar sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the completion of the transaction, the insider now owns 752,786 shares in the company, valued at $24,352,627.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,204,508 shares of company stock worth $802,654,666. Insiders own 12.93% of the company’s stock.

Palantir Technologies Profile

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.