Ashton Thomas Private Wealth LLC Grows Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Ashton Thomas Private Wealth LLC increased its stake in Palantir Technologies Inc. (NYSE:PLTR) by 33.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,151 shares of the company’s stock after buying an additional 5,751 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Palantir Technologies were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Palantir Technologies by 9.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 26,919 shares of the company’s stock valued at $619,000 after acquiring an additional 2,427 shares in the last quarter. Empowered Funds LLC increased its stake in Palantir Technologies by 32.0% during the 1st quarter. Empowered Funds LLC now owns 24,741 shares of the company’s stock valued at $569,000 after purchasing an additional 6,002 shares in the last quarter. Sei Investments Co. raised its holdings in Palantir Technologies by 20.1% in the first quarter. Sei Investments Co. now owns 299,667 shares of the company’s stock worth $6,895,000 after buying an additional 50,159 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Palantir Technologies by 6.7% in the first quarter. Russell Investments Group Ltd. now owns 400,091 shares of the company’s stock worth $9,300,000 after buying an additional 25,258 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Palantir Technologies by 15.9% during the first quarter. US Bancorp DE now owns 198,930 shares of the company’s stock valued at $4,577,000 after buying an additional 27,322 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.4 %

PLTR opened at $60.70 on Thursday. The firm’s 50 day simple moving average is $41.30 and its two-hundred day simple moving average is $31.25. The company has a market capitalization of $135.93 billion, a PE ratio of 303.52 and a beta of 2.70. Palantir Technologies Inc. has a 1-year low of $15.66 and a 1-year high of $63.39.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same period last year, the firm earned $0.03 EPS. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Heather A. Planishek sold 11,373 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $32.25, for a total value of $366,779.25. Following the completion of the sale, the insider now directly owns 600,633 shares of the company’s stock, valued at approximately $19,370,414.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Palantir Technologies news, insider Heather A. Planishek sold 11,373 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $32.25, for a total value of $366,779.25. Following the completion of the transaction, the insider now directly owns 600,633 shares in the company, valued at $19,370,414.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,399,238 shares of company stock valued at $1,041,851,557 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLTR. DA Davidson boosted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America increased their price objective on Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Finally, Monness Crespi & Hardt lowered their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.71.

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.