Diversified Trust Co Acquires 25,303 Shares of Palantir Technologies Inc. $PLTR

Diversified Trust Co raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 99.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,790 shares of the company’s stock after acquiring an additional 25,303 shares during the period. Diversified Trust Co’s holdings in Palantir Technologies were worth $9,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PLTR. Axiom Investment Management LLC raised its position in shares of Palantir Technologies by 181.8% during the third quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Navigoe LLC increased its stake in Palantir Technologies by 17,500.0% during the 3rd quarter. Navigoe LLC now owns 176 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in Palantir Technologies during the 3rd quarter worth approximately $35,000. Cranbrook Wealth Management LLC raised its holdings in Palantir Technologies by 40.7% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock worth $37,000 after buying an additional 57 shares during the period. Finally, Ballast Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $29,000. 45.65% of the stock is currently owned by institutional investors.

Key Headlines Impacting Palantir Technologies

Investors following PLTR have been watching these headlines:

• Positive Sentiment: Recent commentary argues Palantir’s growth story remains strong, with its AI software helping drive substantial business momentum. This provides a fundamental counterpoint to the stock’s recent weakness. Article: Palantir: High-Quality Growth Should Never Be Cheap
• Negative Sentiment: Valuation is a key concern: bearish commentary says the share price leaves little room for error, even given Palantir’s exceptional business growth. Investors may be demanding continued rapid growth to justify the premium. Article: Palantir: Exceptional Business, Unjustifiable Price
• Negative Sentiment: Investors are also focused on deceleration in contract-related growth indicators versus the previous quarter, which may raise questions about future demand. A planned sale of 84,680 shares by CTO Shyam Sankar—and another recent planned sale filing—could add to negative sentiment, though insider sales do not necessarily signal a lack of confidence. Article: Why Palantir Technologies Stock Is Down

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $167.99 on Friday. The business’s 50 day simple moving average is $184.79 and its 200 day simple moving average is $153.82. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The firm has a market cap of $403.69 billion, a PE ratio of 117.48, a P/E/G ratio of 3.47 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the business posted $0.21 EPS. The business’s quarterly revenue was up 95.9% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.36 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00. Following the sale, the director directly owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 908,396 shares of company stock worth $157,146,307. 9.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLTR shares. Roth Capital began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Weiss Ratings raised shares of Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Deutsche Bank restated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Monday, October 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Palantir Technologies in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.20.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.