Eagle Asset Management Inc. Has $3.14 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Eagle Asset Management Inc. boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 21.2% in the third quarter, HoldingsChannel reports. The firm owned 84,271 shares of the company’s stock after purchasing an additional 14,740 shares during the period. Eagle Asset Management Inc.’s holdings in Palantir Technologies were worth $3,135,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies in the second quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies during the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Palantir Technologies during the 2nd quarter worth about $30,000. Finally, Beacon Capital Management LLC boosted its position in shares of Palantir Technologies by 269.5% during the 1st quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after purchasing an additional 1,105 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 8,860 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $514,411.60. Following the completion of the transaction, the director now owns 121,390 shares in the company, valued at approximately $7,047,903.40. This represents a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,167,451 shares of company stock worth $1,603,067,889. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 0.4 %

PLTR stock opened at $64.63 on Tuesday. The firm has a market cap of $147.23 billion, a PE ratio of 323.17 and a beta of 2.70. The business has a 50 day moving average of $46.50 and a 200-day moving average of $33.78. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $67.88.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Bank of America upped their price target on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday. Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Northland Capmk upgraded 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 report on Thursday, November 7th. Finally, Wedbush upped their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $35.64.

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.