Northstar Advisory Group LLC Acquires 5,818 Shares of Palantir Technologies Inc. $PLTR

Northstar Advisory Group LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 79.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,128 shares of the company’s stock after buying an additional 5,818 shares during the period. Northstar Advisory Group LLC’s holdings in Palantir Technologies were worth $2,395,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Financial Consulate Inc. bought a new position in Palantir Technologies in the 3rd quarter valued at about $30,000. Retirement Wealth Solutions LLC bought a new stake in Palantir Technologies during the 3rd quarter worth approximately $31,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth approximately $32,000. Marquette Asset Management LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth approximately $34,000. Finally, Millstone Evans Group LLC lifted its holdings in shares of Palantir Technologies by 98.0% in the third quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the sale, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 19,004 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,435,312.50. This trade represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 in the last quarter. 12.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PLTR shares. Cantor Fitzgerald upped their price target on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Phillip Securities started coverage on shares of Palantir Technologies in a report on Thursday, January 22nd. They set a “buy” rating and a $208.00 price objective on the stock. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research note on Thursday. Finally, UBS Group upped their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.07.

Get Our Latest Report on PLTR

Palantir Technologies Stock Down 1.3%

Shares of PLTR stock opened at $167.47 on Tuesday. The company has a 50 day moving average of $176.56 and a 200-day moving average of $173.53. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The firm has a market cap of $399.15 billion, a P/E ratio of 398.75, a PEG ratio of 4.27 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company earned $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Trending Headlines about Palantir Technologies

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Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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