9,316 Shares in Palantir Technologies Inc. (NYSE:PLTR) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,316 shares of the company’s stock, valued at approximately $347,000.

Several other large investors have also recently added to or reduced their stakes in the company. Walter & Keenan Wealth Management LLC IN ADV boosted its stake in shares of Palantir Technologies by 1.2% in 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 buying an additional 235 shares during the period. Greater Midwest Financial Group LLC increased its stake in Palantir Technologies by 0.3% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after acquiring an additional 250 shares during the period. Quantum Private Wealth LLC raised its holdings in Palantir Technologies by 1.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock valued at $865,000 after acquiring an additional 250 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Palantir Technologies by 2.4% during the 3rd quarter. Truvestments Capital LLC now owns 12,169 shares of the company’s stock valued at $453,000 after acquiring an additional 291 shares during the period. Finally, LCM Capital Management Inc grew its holdings in shares of Palantir Technologies by 0.9% during the 3rd quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock worth $1,207,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Peter Thiel sold 4,254,666 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $36.77, for a total transaction of $156,444,068.82. Following the completion of the transaction, the director now owns 51,234,275 shares in the company, valued at approximately $1,883,884,291.75. This trade represents a 7.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 6,655 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $38.17, for a total transaction of $254,021.35. Following the completion of the sale, the director now directly owns 145,625 shares in the company, valued at approximately $5,558,506.25. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,612,366 shares of company stock valued at $1,867,342,292. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of NYSE PLTR opened at $71.51 on Thursday. The company has a 50 day simple moving average of $57.71 and a 200 day simple moving average of $39.61. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $80.91. The firm has a market cap of $162.90 billion, a PE ratio of 357.57, a price-to-earnings-growth ratio of 10.18 and a beta of 2.87.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, DA Davidson raised their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $38.40.

Palantir Technologies Company 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.